In a landmark development in the world of power transformers, M&I Materials Limited has entered into an agreement with Shell U.K. Limited for the sale of its MIDEL and MIVOLT businesses. This strategic move is poised to reshape the transformer fluids and immersion cooling sectors on a global scale.

M&I Materials, a name synonymous with innovation and excellence, has diligently nurtured its MIDEL and MIVOLT businesses over several decades, establishing them as market leaders in the fields of transformer fluids and immersion cooling. The acquisition by Shell signifies a significant milestone, providing these businesses with an expansive platform for further growth and development worldwide.

Colin Salt, Chairman of M&I Materials, expressed his enthusiasm for the acquisition, saying, “Ester fluid manufacturing has been a huge part of M&I Materials for over 45 years and a source of pride for everyone involved in developing this technology, which customers in many markets worldwide have come to specify and trust. We want to see the growth potential for both MIDEL and MIVOLT realized, and we believe Shell is uniquely positioned to take them forward and onto their next stage of development.”

Giles Salt, CEO of M&I Materials, echoed this sentiment, highlighting the exciting opportunities ahead for the company's remaining business lines, particularly in the science, aerospace, and power sectors.

As part of this acquisition, M&I Materials Limited will carve out its MIDEL and MIVOLT businesses into M&I Materials Development Limited, which Shell will acquire in full. The completion of this deal is subject to regulatory approvals and is anticipated to take place in the fourth quarter of 2023. Following the acquisition, M&I Materials Development Limited will become fully owned and operated by Shell.

This strategic move not only reinforces Shell's commitment to the power industry but also highlights the continued evolution and expansion of the global energy landscape. It signifies a significant step forward in enhancing the efficiency and reliability of power transformers, a vital component in the infrastructure that powers our modern world.

M&I Materials Ltd will continue to operate its other businesses, including WOLFMET, METROSIL, APIEZON, and PERFORMANCE BIOLUBRICANTS, further diversifying its portfolio and strengthening its position in various industries.

The acquisition of MIDEL and MIVOLT by Shell is a testament to the enduring legacy of M&I Materials and a promising step toward even more innovative and reliable power transformer solutions. It is a development worth watching as it unfolds in the coming months, with the potential to reshape the energy landscape on a global scale.

Source: mimaterials.com