Bucking the trend of downsizing and pessimism within the market, Contax Partners announces the acquisition of Capex Engineering, a specialized, Switzerland based provider of niche engineering, design and project management services to the refinery and petrochemical sectors. With a focus on providing high-quality technical engineering services to major project owners and contractors within Europe and Asia, the acquisition of Capex Engineering reaffirms Contax Partners’ ongoing commitment to expand its capabilities and service offerings to support the broader energy sectors within its established and new markets.
With hundreds of projects completed by Capex Engineering team of Experts within the areas of operational improvement, process optimization, equipment assessment and design & engineering feasibility studies, the acquisition provides Contax’s clients with a broader access to technical services and profit improvement proven techniques that will complement its core specialization in market and risk based consulting studies.
Filippo Fantechi, Chief Executive of Contax Partners said, “The acquisition of Capex Engineering and its subsequent integration into Contax Partners will significantly improve the value proposition to our combined clients and fits ideally with the company’s strategy of expanding geographically and proving service offerings that support our core global clients.”
Claudio Roberto Tettamanzi, Managing Partner at Capex Engineering said, “The Capex team is very motivated about the strong operational synergies and remarkable growth opportunities that our brand of professional services will provide to the Contax Partners’ portfolio”.
“With global project owners reducing capex spends and focusing on process improvements, the acquisition of Capex Engineering comes at an ideal time to support these ongoing initiatives. Our clients will not only receive the highest quality of fact-based research and advisory, that has always been synonymous with Contax Partners, but, will also be supplemented with superior technical consulting, project management services and asset management services that are becoming a growing requirement for project owners and contractors.”
The acquisition has substantial strategic benefits:
- Larger portfolio of technical and non-technical consulting services across the entire project life-cycle
- Shared track record of servicing over hundred clients
- Greater access to technical and market experts
- Access to larger geographies across most major energy producing countries
- Substantial financial benefits
About Contax Partners
Established in 1985, Contax Partners is a leading provider of project data, research and analysis, strategic and commercial due diligence, risk and growth advisory, business development and new venture creation services in the Middle East energy and energy related services industry. Contax Partners provides these services to national and international oil companies, contractors, subcontractors, service providers, equipment manufacturers as well as government agencies, investment banks and private equity firms.
About Capex Engineering
Established in 2006, inheriting over a decade of years in reference and competence in its market, Capex Engineering is a specialized design and engineering firm supporting project owners and contractors on all critically technical aspects of capital projects within the refining and petrochemical sectors. These include technical feasibility studies, process optimization, equipment selection and overall project management. Its core markets include Eastern & Western Europe, Russian Federation / FSU and Turkey.
For more information, please contact: Ann-Marie Carbery – Director of Business Advisory Services
Annmarie.Carbery@contaxpartners.com
© Press Release 2017
