NAES Corporation Acquires Olsson
NAES CORPORATION ACQUIRES OLSSON INDUSTRIAL ELECTRIC
ISSAQUAH, WA – NAES Corporation, a broad-based provider of maintenance and construction, engineering, and O&M services, has acquired Olsson Industrial Electric, a recognized electrical construction, engineering, and controls contractor that provides services to the power generation, renewable energy, mining, pharmaceuticals, and other industrial markets.
“Olsson brings us a substantial capability in both engineering and installation of instrumentation, controls, and high-voltage electrical systems,” said Robert E. Fishman, President and CEO of NAES. “The company has deep expertise in designing, building, and maintaining complex systems for all of the sectors we currently serve. Operating as a wholly owned subsidiary of NAES, Olsson will augment our capabilities as a fully integrated provider of maintenance and construction services. The company demonstrates excellence in safety, quality, and integrity, which aligns it with our own commitment to those core values at NAES.”
Olsson President Ike Olsson added, “We’re excited to join the NAES family and believe we will fill a critical niche in their service offerings. In addition to conventional electrical contracting, we bring integrated systems engineers and programmers who can design, build, and install custom instrumentation and control systems that complement our fundamental electrical capabilities.”
A merit shop based in Springfield, Oregon, Olsson provides all phases of electrical systems engineering, installation, and integration. Since 1986, the company has built a reputation for design capability, superior craftsmanship, and reliable execution of complex projects.
An independent services company, NAES is dedicated to delivering value to facilities across the power generation, oil & gas, petrochemical, pulp & paper, and manufacturing industries. The company draws on its deep experience in operations, maintenance, fabrication, construction, engineering, and technical support to build, repair, and operate plants that run safely, reliably, and cost-effectively. In addition to Olsson Industrial Electric, the NAES family of companies now includes Greenberry Industrial, NAES Power Contractors, and E3 Consulting.
NAES is a wholly owned subsidiary of ITOCHU Corporation. With operations in over 80 countries covering a broad range of industries, ITOCHU ranks among the world’s largest corporations.