Australia markets open in 3 hours 47 minutes
  • ALL ORDS

    7,702.90
    -56.90 (-0.73%)
     
  • AUD/USD

    0.7268
    -0.0027 (-0.37%)
     
  • ASX 200

    7,403.70
    -56.50 (-0.76%)
     
  • OIL

    71.96
    -0.01 (-0.01%)
     
  • GOLD

    1,753.90
    +2.50 (+0.14%)
     
  • BTC-AUD

    65,321.67
    -1,149.00 (-1.73%)
     
  • CMC Crypto 200

    1,193.48
    -32.05 (-2.61%)
     

aeSolutions Industrial Cybersecurity Division, aeCyberSolutions Acquired by Deloitte

·2-min read

aeSolutions Sharpens Focus on its Process Safety and Automation Business

GREENVILLE, S.C., August 05, 2021--(BUSINESS WIRE)--aeSolutions, a consulting, engineering and systems integration company, today announced the sale of its Industrial Cybersecurity (IC) division, aeCyberSolutions, to Deloitte Risk & Financial Advisory. The acquisition will allow aeSolutions to focus on the growth and expansion of its core business of providing process safety consulting and automation engineering services to the industrial markets.

"Our decision to sell aeCyberSolutions serves in the best interests of our industrial cybersecurity team and the customers they serve. Deloitte’s brand and access to the market and labor force made it a natural fit for that business and will expand the breadth and depth of those services," said Ken O’Malley, Founder and President of aeSolutions. "Going forward, aeSolutions will pursue some exciting transformational opportunities for our company with an eye on geographic expansion and growth into new strategic markets."

aeSolutions plans to leverage today’s digitalization technologies for better insights and smarter decision-making to continually improve customer onstream production to compete and win in today’s hyper-fast-changing landscape. Additionally, aeSolutions plans to have a renewed focus on its core consulting and engineering expertise serving the world’s process manufacturers as a valued partner for smarter, more resilient industrial operations and safer communities.

aeSolutions was founded in 1998 as an automation company serving the process industry. With strong roots in oil exploration, the company later began focusing on growing its chemicals business.

aeSolutions created its aeCyberSolutions division in 2014 with a single employee and experienced significant growth that included attracting a team of top talent.

Terms of Deloitte Risk & Financial Advisory’s acquisition of aeCyberSolutions were not disclosed. aeSolutions was represented by FOCUS Investment Banking, LLC. The transaction was facilitated by legal firm Krieg Devault with Clayton McKervey serving as the CPA.

About aeSolutions

In business since 1998, aeSolutions is a consulting, engineering and systems integration company that provides industrial process safety and automation products and services. They specialize in helping industrial clients achieve their risk management and operational excellence goals through expertise in process safety, combustion control and safeguarding, safety instrumented systems, control system design and integration, alarm management, and related operations and integrity management systems. For more information, visit www.aeSolutions.com.

As used in this document, each of "Deloitte" and "Deloitte Risk and Financial Advisory" means Deloitte & Touche LLP, a subsidiary of Deloitte LLP. Please see www.deloitte.com/us/about for a detailed description of our legal structure. Certain services may not be available to attest clients under the rules and regulations of public accounting.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210805005483/en/

Contacts

Kari Walker for aeSolutions
Kari@redironpr.com
@KariWalkerPR

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting