11/08/2026 04:48 AST
Acwa Field Services, the field maintenance and technical services subsidiary of Saudi-listed Acwa, has acquired the steam turbine services business of EthosEnergy in Wroclaw, Poland.
The deal transfers 85 employees, specialist equipment, intellectual property, established contracts and a contracted service backlog to Acwa Field Services, which will operate the business as Acwa Field Services Poland.
The acquisition marks Acwa Field Services' first entry into the European Union and forms the first step in a broader international growth strategy.
It strengthens the company's steam turbine field services capabilities by adding specialised engineering expertise, technical resources and an established customer base.
The Wroclaw operation will also expand Acwa Field Services' execution footprint across Europe, providing a platform to grow both transactional and long-term contractual work in the region and beyond.
Matthew York, President of Acwa Operations, said: "Acwa Field Services is central to how we protect and extend the value of the assets we operate, while enhancing our competitiveness. This acquisition is a clear statement of intent. Owning a specialist maintenance capability, rather than contracting it out, gives us greater control over performance, cost, and reliability across our fleet. Acquiring EthosEnergy's steam turbine business in Poland gives us the team, the technical depth, and the customer relationships to build a strong European service business, and it does so from day one. I welcome our new colleagues in Wroclaw to Acwa."
Ana Amicarella, Chief Executive Officer of EthosEnergy, said: "As we continue reshaping EthosEnergy, this transaction supports our strategy to simplify our portfolio and strengthen our focus on core operations. The Steam Turbine Business in Wroclaw is joining an organisation that aligns closely with its expertise and long-term growth ambitions. We are confident that, as part of Acwa, the business will continue delivering the exceptional service, technical excellence, and customer support for clients across the Oil & Gas, Power Generation, and Industrial Manufacturing sectors."
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