International SOS takes full ownership of Iqarus

Occupational health: Firm moves from minority to majority stakeholder

The minority stakeholder in a leading Aberdeen occupational health firm has announced it will take full ownership of the company.

International SOS will now become the majority stakeholder, and therefore new and sole owner, of Iqarus’s Aberdeen business and has taken a larger stake

“We are now moving forward into a new closer relationship”

in Iqarus’ health services business based in Dubai.

The firm confirmed there will be no changes to staff terms and conditions, nor will there be any redundancies as a result of the changes and added they would be pursuing a growth agenda with further investment, particularly in the “centre of excellence” in Aberdeen.

Lawrie Campbell has been appointed to the new role of regional general manager, North Sea, to oversee the UK and Norway business. He has been with International SOS since 2014. Vince Shields, managing director of Iqarus in Aberdeen, and Lars Olav Matre, general manager for International SOS in Norway, will report to him.

Michael Gardner, CEO Medical Services at International SOS, said: “The joint venture with Iqarus has successfully developed and grown both businesses since 2017, and we are now moving forward into a new closer relationship.

“Under sole ownership, International SOS will continue our strong commitment to driving forward the Aberdeen centre of excellence and innovation in offshore occupational healthcare.

“This successfully strengthens local capability and global support for Northern Seas clients in the oil and gas industry.”

International SOS is committed to growing its Medical Services business in the extractive and other industries from its current 1,000 sites in 90 countries worldwide.”

Iqarus employs 400 people on and offshore.

OUTLOOK: There are to be no changes to staff terms and conditions, nor will there be any redundancies as a result of the changes