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Ivara Corporation Acquires Aladon LLC; Acquisition Supports Ivara's Growth Strategy and Commitment to RCM 2

Posted on: Friday, 6 January 2006, 09:00 CST

Ivara Corporation, an industry leader and innovator in asset reliability solutions, today announced that it has acquired Aladon LLC, specialists in the application of Reliability-Centered Maintenance (RCM). The acquisition, effective January 1, 2006, further extends Ivara's reliability leadership, broadens its market reach and ensures the continued growth and success of the Aladon Network - licensees of Aladon's RCM training, consulting and support services.

With the acquisition, Ivara is committed to the continued availability and success of RCM 2, developed by Aladon's founder and RCM thought leader, John Moubray. RCM 2 is a comprehensive approach to RCM that determines the maintenance strategy for industrial equipment and systems. It has been applied at more than 1,500 sites in 44 countries. Ivara will leverage its resources to ensure the continued growth and success of the Aladon Network in delivering RCM training and consulting services.

"We are proud and excited to be able to announce that Ivara has acquired Aladon. Ivara has been a licensee of the Aladon Network for six years and we've enjoyed a close working relationship," says Edith Moubray, executive officer, Aladon LLC. "Ivara has the infrastructure, experience and commitment to continue and expand Aladon's business and we are confident that our world class product is in very safe and reliable hands."

Ivara will retain Aladon's US operations based in Asheville, North Carolina. The company will also utilize the Aladon Network to deliver RCM services to a growing international customer base, providing Ivara with global RCM capabilities. Roger Zanatta, Ivara's current vice president of Business Partners, has been appointed as the general manager of Aladon. Roger will continue to report to Gerry Bleau, chief operating officer of Ivara.

"There are tremendous synergies between our organizations - Aladon commercialized RCM thinking and Ivara's reliability solution was founded on RCM principals. Together we offer a compelling value proposition that is unmatched in the reliability industry," says Roger Zanatta, general manager, Aladon. "As Ivara expands its operations beyond North America, we will leverage the Aladon Network's world-leading RCM expertise to better serve our new collective customer base."

"Our acquisition of Aladon is a critical milestone in our growth strategy and commitment to the expansion of our offering in key world markets," says Bill Shaw, president and CEO, Ivara Corporation. "We are increasing our market share and strengthening our delivery of services to bring even greater value to customers worldwide."

About Ivara

A leader in asset reliability solutions, Ivara helps capital intensive companies improve operational performance by better managing the reliability of their plant assets. Ivara's unique methodology implements reliability one asset at a time, resulting in a high financial impact that is quickly realized. By putting a proactive asset reliability process in place and focusing on changing people's behavior and activities, Ivara helps transition organizations to proactively managing asset health. For more information about Ivara, visit www.ivara.com.

Source: Business Wire

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