Alec buys key stake in built asset maintenance leader Inproserv
DUBAI, May 7, 2024
UAE-based Alec Engineering and Contracting has announced the incorporation of Inproserv, a leader in built asset maintenance services, into the group.
The deal sees Alec take a stake in the Middle East company together with Inproserv International that also has physical offices in Europe and Africa and serves major infrastructure projects across the globe.
This move by Alec is aimed at furthering its position and capabilities as a leader in construction related businesses in the Middle East and Africa.
It with Alec’s strategy towards strengthening its capabilities and broadening its value proposition for industries that include mining, energy, petrochemical, oil and gas, marine, offshore, manufacturing, industrial and construction sectors.
In the latter half of 2022, Alec acquired Target Engineering Construction Company, a UAE-based market leader in mechanical oil and gas, electrical, civil and marine.
On the strategic deal, CEO Barry Lewis said: "Over the years, we have steadily expanded our core areas of expertise through rigorous R&D, world-class talent development programs, and strategic acquisitions of market-leading organisations that embody the principles that are a hallmark of our brand."
"With Inproserv Middle East now part of the Alec Group, we are propelling ourselves further ahead, solidifying our position as the partner-of-choice for end-to-end delivery and maintenance of the region's most ambitious construction endeavours," he added.-TradeArabia News Service