Psicon BV, a specialist in technical solutions, compressor retrofitting, and solutions for turbomachinery, is becoming part of the U.S. conglomerate RMS (Rotating Machinery Services). RMS is part of the large investment firm Arcline, which has 14 billion in AUM and pursues a highly active buy-and-build strategy. Psicon BV provides high-quality technical products and services to customers worldwide in the energy, oil, and gas industries. Hogenhouck M&A advised Psicon on this international transaction.
About Psicon
Psicon, based in Zoetermeer, was founded in 2000 and has built a strong reputation in the global energy, chemical, and oil and gas industries. Psicon provides performance upgrades for critical components of turbomachinery and steam turbines, as well as the design and manufacture of essential spare parts such as cylinder assemblies, rotors, impellers, diaphragms, and Sundyne/Sunflo pumps and compressors. Psicon is also known for its unique magnetic filtration solutions, including the innovative CYCMAG™ filters, which combine tangential cyclones with magnetic separators to effectively remove ferromagnetic contaminants from gas and liquid streams.
Frank Koper, president and founder of Psicon, is enthusiastic about the partnership: “Joining forces with RMS marks an exciting new chapter for Psicon. With our combined expertise and resources, we can deliver even greater value to our customers worldwide. We look forward to leveraging our shared strengths to drive innovation and growth.”
Expand Your Global Reach with RMS
RMS is a global leader in providing technical solutions for rotating equipment, specializing in the maintenance, repair, and overhaul of compressors, turbines, and pumps. With a focus on innovation and customer satisfaction, RMS serves a wide range of industries, including power generation, oil & gas, and petrochemicals. “We are delighted to welcome Psicon to the RMS family,” said John Bartos, CEO of RMS. “Psicon’s commitment to engineering excellence and innovation aligns perfectly with our mission to provide comprehensive solutions for rotating equipment. This acquisition expands our global reach and enables RMS to offer a broader range of services to our customers.” Psicon will continue to operate from its headquarters in Zoetermeer and will deliver RMS’s industry-leading services to the international market.
The M&A Process
The owners of Psicon were advised on this transaction by Hogenhouck M&A, with Victor Rosier, Tijmen Bruin, and Bas Schellekens. Victor Rosier commented on this transaction:
“For years, Psicon has been a fast-growing and innovative player in Europe, the Middle East, and Asia in the field of rotating equipment and magnetic filtration solutions. This acquisition of Psicon by RMS is an important strategic step in which Psicon will serve as a European platform for further buy-and-build activities within Europe. This strengthens the transatlantic expansion, which successfully combines scale and specialization.”
