AES Engineering has strengthened its presence in the Middle East reliability sector by acquiring a controlling stake in Technomax Middle East Engineering and Technomax Industrial Services, based in Abu Dhabi, UAE.
The two companies will operate under AVT Reliability Middle
East and North Africa, a recently established UAE company within the AES Group.
The acquisition marks the latest step in AES Engineering’s
global expansion strategy, following previous investments in the Netherlands,
Canada, Australia and the US.
Technomax provides monitoring services across key industrial
sectors, including oil and gas, power generation, municipal water and
desalination.
The company specialises in machinery, foundation and
structural reliability solutions, as well as crane monitoring services.
With long-term contracts across the Middle East’s onshore
and offshore industrial markets, Technomax supports customers in improving
plant reliability and optimising thousands of rotating machinery assets.
The acquisition will enable Technomax customers to access
AES Engineering’s broader range of reliability solutions, including Machine
Sentry, a cloud-based condition monitoring platform, and EasyBrace, a
structural vibration reduction system for small bore piping.
AES said the deal further enhances its ability to deliver
advanced reliability services and digital solutions to industrial operators
across the Middle East and North Africa.
Shebeaun Sherief, Founder and Managing Director, said: “When
considering the next chapter for Technomax, it was important for me to find a
partner who shared our values, our commitment to customers and our long-term
vision. Choosing AES Engineering Ltd was therefore a natural decision. This
partnership enables us to better support our customers by combining our local
experience with the global expertise, talented people, innovative products and
engineering solutions of the AVT and AES Group, while positioning the business
for continued growth across both our existing and new markets.”
Chris Rea, AES Engineering Group Managing Director, said: “The acquisition of Technomax supports our strategic decision to globalise our reliability focused businesses and further strengthens our customer reliability offering in the important Middle East market.” -OGN/TradeArabia News Service