In addition to acquiring the Pacemaker product, IPS also gains the leadership, expertise and service capabilities of MGM. Mike Wells, the inventor of the Pacemaker and Principle of MGM joins IPS as Vice President of IPS' Production Optimization Services where he will work to grow IPS' leading optimization business which provides customers with solutions to address declining production.
In addition to acquiring MGM, IPS has entered into a joint venture with Premier Production Solutions Ltd., MGM's exclusive distributor for Pacemaker products in Canada. Through the joint venture, IPS will combine the assets and expertise of its Canadian Production Optimization Services business with Premier, creating Canada's leading optimization service business.
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