Norwegian IMS group AS acquires Jowa AB

The Norwegian IMS group AS has purchased all shares of the Swedish Gothenburg-based Jowa AB in a transaction taking place on 30 April 2024.

Jowa has supplied the maritime industry with environmental protection equipment for
more than 60 years and has earned a solid reputation. They are specialists in water
treatment and protection of the marine environment. The products are designed to
contribute to the global ecology by protecting the marine environment with the latest
and best technology. Jowa has 110 dedicated employees today. Jowa HQ is in
Gothenburg, Sweden with offices in the Netherlands, Greece, and Singapore along
with factories in China and USA.

Jowa is a very good match to widen our range of marine products. The company has
a strong reputation, and the products are known for their high quality. In IMS group
we believe this will help us to grow and look forward to working with the highly skilled
team from Jowa.

IMS strategy is to keep the company as is in Gothenburg, Sweden. Furthermore, we
will use our capacity in the group to continue with product development.

IMS group AS is a Norwegian group of companies focusing on leading technological
solutions for the offshore and marine market. The HQ is in the south of Norway. The
vision is to be the preferred supplier of cost-efficient solutions, ensuring safe and
sustainable operations. Therefore, we work every day to strengthen our position as a
global supplier of functional and high-tech solutions provided by our highly skilled
and dedicated employees.

Today the IMS group is the world-leading supplier of watertight doors, safety
windows, ballast water management systems, incinerators, ejectors, and fire-rated
doors and windows, fire-resistant aluminum and glass structures with independent
offices in Norway, Germany, Finland, Singapore, China, and USA – and several
agents worldwide representing the group. With the acquisition of Jowa IMS now has
500 employees. Oaklins’ team in Norway advised IMS group in this transaction.

For further information, please contact:

Mr. Roy Langseth, CEO IMS group
Cell phone: +47 92 66 70 07

Mr. Jan Martin Grindheim, CEO Jowa AB
Cell phone: +47 90 76 95 88