London-based private equity firm Blue Water Energy, and the management team Christopher Picotte and Luis Pais Correia, announces the formation of Aksiom Group Limited (“Aksiom”).
Aksiom develops and executes high-growth strategies across the European technical services sector. Its group companies provide highly complex technical services to owners of energy, industrial, utility and infrastructure assets.
Aksiom began building the group in 2018 through the acquisition of CETel GmbH, the independent German satellite, fibre and wireless-enabled communications solutions provider, and Jernbro Industrial Services AB, a Sweden-based industrial O&M and automation services firm.
Both companies provide outsourced technical services to a diverse range of blue-chip industrial, utility, energy and government/NGO customers.
Blue Water Energy has invested significantly in Aksiom based on the strength of its two core companies and the team’s strong pipeline of new acquisition targets.
Aksiom, based in Dublin and London, is led by Christopher Picotte, Executive Chairman, and Luis Pais Correia, CEO, who both worked with, and invested alongside Blue Water Energy through px Group Limited, which operates some of the UK’s largest energy and chemicals infrastructure.
Chris Picotte stated: “Gaining the knowledge and capital commitment of a top-tier private equity investor is a major step in Aksiom’s development. Our partnership with Blue Water will allow us to pursue our commercial strategies with greater certainty and pace.”
“We have worked with its team for decades and the fact they are a specialist in our sector made them a perfect fit for Aksiom.”
Gran Potter, a Director at Blue Water Energy, said: “Aksiom has a compelling and unique strategy. Engineering and Infrastructure Services is a growing area of our business and through our team’s experience, track record and network we look forward together with Chris and Luis in establishing Aksiom as the leading name in Europe in this sector.”