12 February 2012
MUSCAT -- United Engineering Services (UES), one of the leading engineering oilfield services provider and a subsidiary of MB Holding LLC, has announced the acquisition of Professional Power Craft (PPC) International Sdn Bhd and Wise Marine assets. Both companies are based in Malaysia. Having started operations in 1979, today UES is among the leading oilfield services companies in Oman having completed three decades of operations.
With a publicly announced commitment to proactively address the Oman and regional maritime/defence and security sectors, this strategic acquisition provides UES, the engineering design and manufacturing arm of MB Holding, an entry into the advanced composites industry. 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.
Usama al Barwani, Managing Director, United Engineering Services, notes "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. I am delighted to have secured this capability through the acquisition of Professional Power Craft and Wise Marine assets. 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 programme for Oman careers in this leading edge capability."
Neville Storey, Chief Executive Officer, UES, who is spearheading this project, feels, "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."
United Engineering Services is a multi-disciplinary Engineering Sales and Oilfield Services company covering the oil, gas and water industries in Oman and the Gulf Region and is a subsidiary of MB Holding LLC.
MB Holding LLC is a group of companies with diversified presence in more than 20 countries, employing 6,000 people from over 51 nationalities.
The Oman based dynamic group which started operations in the year 1982 has diversified businesses including drilling and integrated oilfield services, the exploration and production of oil and gas, investments, engineering, manufacturing and trading, and mining and processing of minerals.
For decades, in Oman and internationally, the company has achieved growth, efficiency and profitability with focus on quality, safety and teamwork. Some of the key group companies are MB Petroleum Services, Petrogas E & P and Mawarid Mining Company.
MUSCAT -- United Engineering Services (UES), one of the leading engineering oilfield services provider and a subsidiary of MB Holding LLC, has announced the acquisition of Professional Power Craft (PPC) International Sdn Bhd and Wise Marine assets. Both companies are based in Malaysia. Having started operations in 1979, today UES is among the leading oilfield services companies in Oman having completed three decades of operations.
With a publicly announced commitment to proactively address the Oman and regional maritime/defence and security sectors, this strategic acquisition provides UES, the engineering design and manufacturing arm of MB Holding, an entry into the advanced composites industry. 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.
Usama al Barwani, Managing Director, United Engineering Services, notes "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. I am delighted to have secured this capability through the acquisition of Professional Power Craft and Wise Marine assets. 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 programme for Oman careers in this leading edge capability."
Neville Storey, Chief Executive Officer, UES, who is spearheading this project, feels, "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."
United Engineering Services is a multi-disciplinary Engineering Sales and Oilfield Services company covering the oil, gas and water industries in Oman and the Gulf Region and is a subsidiary of MB Holding LLC.
MB Holding LLC is a group of companies with diversified presence in more than 20 countries, employing 6,000 people from over 51 nationalities.
The Oman based dynamic group which started operations in the year 1982 has diversified businesses including drilling and integrated oilfield services, the exploration and production of oil and gas, investments, engineering, manufacturing and trading, and mining and processing of minerals.
For decades, in Oman and internationally, the company has achieved growth, efficiency and profitability with focus on quality, safety and teamwork. Some of the key group companies are MB Petroleum Services, Petrogas E & P and Mawarid Mining Company.
© Oman Daily Observer 2012
