Kuiper has a well established presence in energy rich in energy such as Saudi Arabia, Qatar and the EAU
Asian Energy Services announced on Tuesday the acquisition of 100 percent participation in Kuiper Group, Eau de Gulf Capital (a private capital of Marquesina), for a consideration of $ 9.25 million in an agreement of everything in cash.
Kuiper Group is a worldwide recognized supplier of integral and integrated labor solutions, specifically adapted for the energy sector in the Middle East and Southeast Asia.
The acquisition is expected to be complete in the next two months, after which Asian Energy will acquire Kuiper Group along with his global management team and his normalized working capital. The acquisition will be founded through a combination of internal accumulations and debt, said Asian Energy Services.
Kuiper Group has registered income of around $ 68 million in the year ending in December 2024 and is a profitable business, an additional strategic value of the acquisition.
Strategic initiative
“The acquisition of Kuiper Group is a strategic initiative of Asian Energy Services to expand its Integrated Operations and Maintenance Services Offer (O & M) in the countries of the Middle East and Southeast Asia that take advantage of the presence of Kuiper,” said Asian Energy Services.
Kuiper has a well -established presence in energy rich in energy such as Saudi Arabia, Qatar and the United Arab Emirates. This positions Asian energy services to climb their operations, access this larger directionable market and support its long -term growth ambitions. It was added.
Kapil Garg, managing director of Asian Energy Services, said: “This strategic movement allows us to participate more actively in global energy projects and establish a scalable and prepared platform for the future for long -term growth. The strong presence of Kuiper Group in these regions will serve as a basis for Asian energy to expand its integrated O&M services.”
Posted on April 22, 2025