M&A Deal Summary

Lamprell Acquires Maritime Industrial Services Co.

On July 1, 2011, Lamprell acquired construction company Maritime Industrial Services Co. from Amwal AlKhaleej

Acquisition Highlights
  • This is Lamprell’s 1st transaction in the Construction sector.
  • This is Lamprell’s 1st transaction in United Arab Emirates.

M&A Deal Summary

Date 2011-07-01
Target Maritime Industrial Services Co.
Sector Construction
Buyer(s) Lamprell
Sellers(s) Amwal AlKhaleej
Deal Type Add-on Acquisition

Target

Maritime Industrial Services Co.

Dubai, United Arab Emirates
Maritime Industrial Services Co. Ltd. MIS Arabia set up in 2001, reopening the fabrication facilities of Austrian Energy Arabia (AEA) in Jubail Industrial City in the Kingdom of Saudi Arabia. In a short span of time growing at an exponential rate we have today established ourselves as a higher end and one of the most competitive and preferred fabricators of pressure vessels in terms of quality, delivery and cost in the entire KSA.

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Buyer(S) 1

Buyer

Lamprell

Dubai, United Arab Emirates

Category Company
Founded 1976
Sector Construction
Employees5,668
Revenue 389M USD (2021)
DESCRIPTION

Lamprell is an entity which together with its subsidiaries, provides fabrication, engineering, and contracting services to the offshore and onshore oil and gas and renewable energy industries in the United Arab Emirates and Saudi Arabia. It operates through Oil and Gas, Renewables, and Digital segments. Lamprell was founded in 1976 and is based in Dubai, the United Arab Emirates.


DEAL STATS #
Overall 1 of 1
Sector: Construction M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: United Arab Emirates M&A 1 of 1
Year: 2011 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-03-03 International Inspection Services

Abu Dhabi, United Arab Emirates

International Inspection Services Ltd (INSPEC), is an established NDT company with over 21 years of experience in providing high quality inspection and non-destructive testing services to the energy, oil and gas industry in the Middle East. With a commitment on delivering quality services, INSPEC expertise provides innovative solutions to a wide range of complex industry problems. The company adheres to its corporate policy of achieving total quality management of services and efficient practical application of those services.

Sell $66M

Seller(S) 1

SELLER

Amwal AlKhaleej

Riyadh, Saudi Arabia

Category Private Equity Firm
Founded 2004
PE ASSETS 800M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Amwal AlKhaleej is a private equity group focused on opportunities in the Middle East and North Africa (MENA) region. Amwal AlKhaleej looks for high growth businesses with proven business models. The Firm does not have any sector preferences. Amwal AlKhaleej was formed in 2004 and is based in Riyadh, with additional offices in Dubai and Cairo.


DEAL STATS #
Overall 1 of 4
Sector: Construction M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: United Arab Emirates M&A 1 of 2
Year: 2011 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-06-29 Zohoor AL Reef Co.

Al Khobar, Saudi Arabia

Zohoor AL Reef Co. engages in the retail of body care, skin care, perfumes, cosmetics, and hair care products in Saudi Arabia. Zohoor AL Reef Co. was founded in 1991 and is based in Al Khobar, Saudi Arabia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-01-23 Al Rowad Private Education Group

Riyadh, Saudi Arabia

Rowad School Private education and training company is one of the largest private education groups in Saudi Arabia.

Sell -