Shell UK has announced a significant agreement to acquire MIDEL and MIVOLT, two prominent lines of business currently owned by Manchester-based M&I Materials. This strategic move is set to augment Shell’s worldwide lubricants portfolio, positioning the company at the forefront of ester-based fluids for critical applications in the renewable energy and power sectors. Financial details were not disclosed.
The acquisition of MIDEL’s premium product range will strengthen Shell’s differentiated position in Transformer Oils utilized for power distribution, offshore wind parks, utility companies, and traction power systems. By integrating synthetic and natural ester-based transformer fluids and associated services into its portfolio, Shell Lubricants aims to enhance fire protection and biodegradability for its diverse customer base.
Additionally, MIVOLT’s ester-based immersion cooling fluids will play a pivotal role in supporting the development of thermally efficient electric vehicle batteries, battery energy storage systems, and data centers.
Jason Wong, Executive Vice President for Global Lubricants at Shell, said: “The addition of the MIDEL and MIVOLT premium product ranges to our portfolio acknowledges the growing ester fluid market and will help Shell Lubricants meet customer needs in the renewables and power sectors.”
This acquisition will align with Shell Lubricants’ mission to provide fluids and services, including e-fluids and e-greases, to safeguard and enhance performance. By delivering higher grade products to customers in the renewable energy and power sectors, this acquisition resonates with Shell’s Powering Progress strategy, aimed at accelerating the transition to net-zero emissions through collaboration with customers and across sectors.