Usama Al Barwani
Oman's UES buys Malaysian firms' assets
Muscat, February 11, 2012
Oman-based United Engineering Services (UES), a leading engineering oilfield services provider and a subsidiary of MB Holding, said it has acquired assets of two Malaysian companies - Professional Power Craft and Wise Marine.
UES, which began operations in 1979, is today a multi-disciplinary engineering sales and oilfield services company covering the oil, gas and water industries in Oman and the Gulf region.
With a publicly announced commitment to proactively address the Oman and regional maritime/defence and security sectors, this strategic acquisition provides UES an entry into the advanced composites industry, said a senior official.
Commenting on the acquisition, Usama Al Barwani, EUS managing director stated, 'I have been determined to ensure that UES remains at the forefront of engineering excellence and an effective way to achieve this is by expanding into newer fields and facets of engineering and also establishing ourselves in more higher value expertise.'
'These company portfolios are complementary to the Aluships and Oceanco acquisitions last year and brings the advanced composite built fast interceptor craft manufacturing portfolio to Oman,' he noted.
According to him, Professional Power Craft is a leading player internationally in the composite material domain catering to the marine industry.
'This acquisition makes us the only company in Oman that uses 3D infusion technology for advance composite materials. We will be developing a tailored training and development program for Oman careers in this leading edge capability,' explained Al Barwani.
Neville Storey, chief executive officer, UES who is spearheading this project, said, 'A critical driver in this acquisition has been the transfer of knowledge and technology to establish the first Advanced Composites manufacturing capability in Oman.'
'With proven in-service products through clients worldwide, the opportunity to address our nation’s broader needs in applying this technology has been a key objective of UES,' he added.-TradeArabia News Service