AES Engineering Ltd has further increased its reliability services and product offering in the Middle East by acquiring a controlling stake in the reliability companies Technomax Middle East Engineering LLC and Technomax Industrial Services LLC for an undisclosed sum.
Both Technomax companies will fall under the operating structure of the recently formed ADGM UAE company, AVT Reliability Middle East and North Africa.
This latest expansion in the global market follows acquisitions in the Netherlands, Canada, Australia and USA.
Technomax, headquartered in Abu Dhabi, UAE, is specialised in all industrial segments and focuses primarily on the oil and gas, power generation, municipal water and desalination sectors.
They are a recognised leader in reliability and vibration monitoring services, executing prevention and problem solving with machinery, foundations and structures. Technomax also provide crane monitoring/service as part of their portfolio.
Technomax operates many long-term reliability contracts, with prestigious end users in the Middle East onshore and offshore industrial sectors, assisting them with plant wide reliability improvement and optimisation on thousands of rotating machinery assets and equipment on a daily basis.
The acquisition will allow the existing customers of Technomax to benefit from a wider product and service offering from the AES Reliability Group of companies.
In particular, by joining the AES Engineering Group, Technomax customers gain access to world-class reliability products such as Machine Sentry™, the cloud-based condition monitoring system, and EasyBrace™, the universal bracing system designed for the reduction of structural vibration in small bore pipes.
Founder and managing director Shebeaun Mohammed Sherief said:
When considering the next chapter for Technomax, it was important for me to find a partner who shared our values, our commitment to customers and our long-term vision. Choosing AES Engineering Ltd was therefore a natural decision. This partnership enables us to better support our customers by combining our local experience with the global expertise, talented people, innovative products and engineering solutions of the AVT and AES Group, while positioning the business for continued growth across both our existing and new markets.
AES Engineering Ltd group managing director Chris Rea said:
The acquisition of Technomax supports our strategic decision to globalise our reliability focused businesses and further strengthens our customer reliability offering in the important Middle East market.
The acquisition was concluded on Friday 31st July.
