Mark Rimmington, sales director A N Wallis, Adrian
Ferrari, managing director Albatha, and Derek Nesbitt,
managing director A N Wallis, watch
Albatha takes stake in UK firm
Dubai, October 6, 2013
Albatha Engineering group, part of Albatha Holdings, has acquired a substantial stake in the UK-based A N Wallis, a leading manufacturer of ‘earthing and lightning protection’ products.
A N Wallis, a company established in 1946, is based in Nottingham.
This acquisition is in line with Albatha Group’s diversification strategy to enter international markets, a statement said.
Tecon Limited, a market leader in the earthing and lightning protection system in the UAE, is a part of Albatha Engineering Group and has been appointed as the exclusive distributor of A N Wallis products in the UAE. They are already the authorized distributors in Saudi Arabia and Oman.
“We are proud to be an UAE based company that has gone global by taking this substantial stake in an international company. Albatha Engineering has been at the forefront of the construction industry for over 40 years and this move was part of our global growth strategy. We are delighted that we have further strengthened our position and extend solid support to the fast growing real estate sector in the UAE,” said Adrian Ferrari Stanford, managing director, Albatha Engineering.
Derek Nesbitt, managing director, A. N. Wallis, said: “We have a good working relationship with Albatha and this was a step in the right direction. We will be providing complete support to Albatha and capitalize on market opportunities. A.N. Wallis is a renowned name in the construction industry catering to the earthing and lightning protection requirements for all type building projects. Wallis has a long tradition of providing full range of first class earthing and lightning protection products all over the world.”
The Al Batha Group has over 5,000 employees in 25 different companies specialised in areas as diverse as automotive, consumer, engineering, retail and home products, real estate, home, healthcare and personal care among others. – TradeArabia News Service