Projective is pleased to announce that Bonheur ASA, the Norway-based industrial investment company listed on the Oslo Stock Exchange, has acquired a controlling stake in the Company. Building on 176 years of experience in, inter alia, renewable energy, shipping, and various maritime activities, Bonheur has developed a strong ecosystem of renewable energy-related companies.
Projective is a global technical consulting and engineering firm that specializes in providing tailored solutions to large blue chip companies across various industries, including pharmaceuticals, food and beverage, FMCG, brewing and distilling, utilities, manufacturing, chemical processing, large scale commercial and public real estate, and energy.
Net Zero Carbon goals
Projective offers engineering consultancy advice and project expertise in utilities management
Established in 2004 by Ray Wellham and other founding directors, Projective offers engineering consultancy advice and project expertise in utilities management, energy efficiency, and sustainability, helping clients meet their Net Zero Carbon goals. With offices in the UK, US, and Europe, Projective provides a friendly, flexible service and a focus on environmental performance.
The investment from Bonheur will provide Projective with growth capital, enabling it to scale its operations, both organically and via targeted acquisitions. The investment will benefit the Company, its clients and its employees by attracting more talent, expanding the Company’s range of services, and enhancing its market position through increased marketing and improved systems.
Industrial utilities
Ray Wellham, CEO of Projective, commented: “Projective helps businesses improve their operational performance by providing expert advice and solutions for designing and managing their industrial utilities and process systems. We work across a wide range of industries to help make their processes more efficient, sustainable, and environmentally friendly."
"We have a proven track record of helping companies reduce their energy and water use and meet environmental goals, such as becoming carbon-neutral. Simply put, we assist companies to save energy and water, reduce costs, and improve sustainability in their operations."
net-zero targets
Wellham added: “We already work closely with blue chip corporations around the world from our offices in the UK, Italy, Ireland and the US, and this investment will assist us to better service global corporations, add further corporate accounts to our already successful business, and attract talent through new business opportunities. Our next focus will be in building out the team to help support growth in our existing customer accounts and support a portfolio of new customers.”
Øyvind Engesrønning, CEO of Fred. Olsen Investments AS, who manages new investment opportunities for Bonheur and is responsible for this acquisition, also commented: “We are pleased to announce the investment in Projective, where we hope to see the company continuing to help existing and new clients in their decarbonization efforts and reaching their net-zero targets.”
Carbon intensity and energy efficiency
Lloyd Butterworth, Investment Director at Fred. Olsen Investments AS, added: “We are looking forward to partnering with Projective and to assist them to scale in the coming years. Projective’s focus on energy consumption, manufacturing carbon intensity and energy efficiency is of great societal importance, and we will help them to meet their clients’ decarbonisation goals.”
Ray Wellham concluded: “We believe that ambitious energy and sustainability targets cannot be attained without the development of specialist engineering services which help companies to reduce cost and to become more sustainable. We are very pleased to welcome Bonheur as a partner and will now look to set out the value in our offering to a wider range of decision makers at blue chip corporations around the world.”
