Shell UK has successfully acquired MIDEL and MIVOLT from M&I Materials Ltd. The purchase solidifies Shell's position in these critical sectors, showcasing a commitment to advancing technology in the energy industry.
MIDEL, a pioneer in ester transformer fluid developed in the 1970s, now offers a diverse range of four ester fluids. MIVOLT, launched in 2019, provides immersion cooling liquids for electric vehicle batteries, data centers, and battery energy storage markets – all crafted using cutting-edge ester technology. This acquisition places both these innovative products under the ownership of M&I Materials Development Ltd, a fully-owned subsidiary of Shell, with Richard New appointed as its Managing Director.
Richard New, who previously led Shell’s Fleet Solutions fuel business, expressed his enthusiasm for the strategic move, stating, "This acquisition not only acknowledges a flourishing global ester fluid market but also harnesses the power of two thriving and respected brands." He extended his appreciation to Barry Menzies, the outgoing leader, and the wider M&I Materials team for their support during the transition.
Barry Menzies, who announced his retirement in September 2023 after a distinguished career with M&I Materials, will continue to contribute in an advisory capacity, ensuring a smooth leadership transition. Richard New sees MIDEL and MIVOLT as a compelling launch pad for future growth, providing sustainable solutions in an energy world that increasingly demands environmentally friendly alternatives.
Source: midel.com