01 April 2016

Saudi-based alfanar group, a leading Saudi manufacturer of electrical products and provider of engineering services, said it is close to finalising the procedures to wholly acquire Germany-based Heinrich Kopp from Luxembourg-based private equity fund Palero Invest.

The move is in line with alfanar’s strategy to strengthen and expand its global presence.

Headquartered in Riyadh, alfanar is a major player in the electrical manufacturing business as well as related engineering services while Heinrich Kopp is one of the leading companies for electrical installation products including switchgear in Europe.

The acquisition will include all the company’s operations across Europe including facilities in Wijchen (the Netherlands), Vienna (Austria), Messaadine (Tunisia), in addition to the main manufacturing centre at Kahl am Main, Germany.

alfanar group chairman Abdulsalam Al Mutlaq stated: “The acquisition comes at a time where alfanar is aggressively involved in expanding its product portfolio and the markets it operates in as well as reaching out to new markets. Through this acquisition, alfanar will have further access to the European markets and enhance its industrial capabilities in the kingdom.”

Upon completion of the deal, alfanar will also transfer the complete workforce of Heinrich Kopp, adding to its already 22,000-strong employees.

From a modest start in 1976, alfanar has grown to become one of the formidable and leading companies in electrical manufacturing, which includes production of all electrical products for construction industry and related engineering services, operating several design and development centres and a number of factories in Middle East, Asia, and Europe.

The company is also involved in the development and construction of renewable and conventional power as well as in providing ancillary engineering services.

• Making Ground blazes a trail with Evaglow
• Kingspan system gets Smacna endorsement
• Geberit integrates flush control in urinal
• Terex expands modular cone range with MC380X
• CDE Global marks major success in Kuwait
• alfanar group strengthens its global presence
• Panasonic poised for further growth

Tags

Dubai HVAC gulfBID Industrial Coatings Loaders Project Qatar Just Out Legally Bound Editorial Calendar - 2016 Regional News Saudi Focus UAE Focus Events Diary of events Contractors Real Estate Interiors Tenders Manufacturers & Procurement

Gulf Construction is the undisputed leading trade journal for the building and construction industries of Saudi Arabia and the other Gulf states. The magazine provides editorial coverage on a wide range of topics which are of interest to industry professionals. In addition, regular features highlight technological developments within specific industry fields. Launched 40 years ago, the magazine has established an enviable reputation as an authoritative, respected journal with unmatched coverage of the Gulf region. Gulf Construction is essential reading for anyone with a serious interest in the region’s building and construction industry.