Abu Dhabi Funds invest USD2.1 billion in Adnoc gas pipelines
Abu Dhabi government institutional investors are paying $2.1 billion for a stake in a natural gas pipelines unit run by Abu Dhabi National Oil Co. Abu Dhabi …
M&A
McMenon opens manufacturing unit in Saudi Arabia
UK-based McMenon Engineering Services has launched the first British manufacturing facility of flow and temperature instrumentation in Saudi Arabia. The …
Lloyd’s Register Group announces sale of Energy business to Inspirit Capital
Global professional services organisation, Lloyd’s Register Group (LR), announced that it has entered into a definitive agreement to sell its Energy business …
Wärtsilä to divest its valves business
The technology group Wärtsilä announces the divestment of 100% of the shares in Wärtsilä Valves to an affiliate of Evergreen Capital, based in New …
Neway Valve calls off EUR 11.3 million acquisition of Germany’s Econosto
Neway Valve has aborted its planned EUR 11.3 million take-over of Germany’s Econosto International Holding due to changes in market conditions caused by …
Pelican Energy Partners announces agreement to acquire the Surface Pressure Control Flow business unit of Baker Hughes
Pelican Energy Partners announced an agreement to purchase the assets of the Surface Pressure Control Flow (SPC Flow) business unit of the Oilfield Equipment …
Alliance acquires Bureau Veritas’ emissions monitoring division
Align Capital Partners’ (ACP) environmental services platform Alliance Holdings has acquired the US-based Emissions Monitoring business unit (EM) of Bureau …
MRO master distributor Industrial Valco acquires Beric Valves
Los Angeles-based master distributor Industrial Valco (IV), which specializes in MRO same-day distribution, has announced the purchase of Beric Valves, a …
Pietro Fiorentini Group completes the acquisition of Fiorentini Gastechnik
On 27th July 2020, Pietro Fiorentini Group officially completed the acquisition of 100% of the shares of Fiorentini Gastechnik, an Austrian company in which …
Elfab and Oseco combine forces to create global pressure safety business
Oseco and Elfab have combined forces to capitalise on joint strengths, offering turnkey pressure relief solutions and services worldwide. The combined company …