KAEFER Acquires Chilean SOUYET - Offshore Technology | Oil and Gas News and Market Analysis
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KAEFER Acquires Chilean SOUYET

KAEFER has acquired a majority share in the Chilean company SOUYET. With annual sales of approximately €10 million and a workforce of 200 employees, SOUYET is the biggest insulation company in Chile with core activities in industrial insulation services and material distribution.

SOUYET is based in Santiago de Chile and has a branch office in Antofagasta in the northern part of the country, where it is currently executing the largest ever conventional insulation project in Chilean history with 62,000m² of insulation, consisting of two coal power plant units.

KAEFER is the world’s largest provider of complete insulation solutions and has operations in more than 45 countries. KAEFER SOUYET is the company’s first location in South America. The acquisition is in line with the growth strategy of the KAEFER group, which is to enter new and promising markets.

With several large projects planned in following years, the Chilean industrial market is preparing for a growth phase. This not only helps the establishment of the KAEFER group in the Chilean market but also forms the basis for further business development in the South American region.

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