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Abu Dhabi: Eltizam Asset Management Group, subsidiary of Abu Dhabi-based International Holding Company, and the region’s largest physical asset management company and investor into the built asset environment, has announced today the acquisition of Inspire Integrated to expand its real estate, infrastructure property management, facilities management, and project delivery services as part of its expansion strategy.
Inspire Integrated, which will continue to operate under the same name, specializes in infrastructure and real estate solutions, facilities management, and project delivery services. Their level of experience has resulted in highly complex contracts due to their robust asset and life cycle plans, highly regulated compliance-based settings, service resilience structure, and HSE performance record. Also, the Inspire project delivery services can provide cost-effective, low-risk, high-quality solutions from conception and design to planning, completion, and move-in.
Commenting on the acquisition, Chris Roberts, Group CEO of Eltizam, said: “This strategic move will further enhance our position in the region’s real estate and infrastructure sectors in both property and facilities management services. With our combined portfolios and capabilities, as well as our IoT and AI-enabled solutions, it will ensure service excellence and consistent results that benefit all of our stakeholders.”
The Group's expansion strategy aligns with the UAE property market, which is expected to grow at a CAGR of 7.4 percent between 2021 to 2025 because of foreign investment in real estate, and events such as Expo 2020. According to Arabian Business, the facility management market in the UAE is predicted to grow at an 8.72 percent CAGR between 2021 to 2026. With the Abu Dhabi real estate market securing USD 3.13 billion in the first quarter of 2021, distributed among 3,847 land, building, and unit agreements, Eltizam will be aiming to be an integral part of this growth in terms of offering their complimentary services.
“We are confident that through this acquisition Inspire Integrated will have access to a wider breadth of talent, support and expertise to advance our service capability. We believe that being part of the Eltizam Group will enable us to accelerate our business growth and allow us to offer better value for money to both our existing and future clients,” said Andrew Law, Executive Director, Inspire Integrated.
With strong values culture already embedded into the Inspire workplace, it will be a smooth transition to incorporate the Get Wonky corporate culture of Eltizam, seen as a key alignment during the acquisition process for both companies.
As part of Eltizam Group, Inspire Integrated is positioned to accelerate its strategy to provide seamless integrated infrastructure and real estate property management and facilities management services and project delivery services to its clients and community, joining a diverse set of companies including Tafawuq Facilities Management, Fixis Facilities Management, Three60 Community Management, Omnius Real Estate Services, 800TEK Maintenance Company, and OrionTEK Innovations.
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About Eltizam Asset Management Group:
Established in Abu Dhabi in 2009, Eltizam Asset Management underwent a restructuring into the current group of companies in 2014, to better serve our clients with a more integrated suite of real estate services, and expand throughout the region including Saudi Arabia, Oman, and Bahrain. Eltizam Group is a technology-driven investment company focused on the built asset environment, with significant investments in facilities management, real estate management, energy management Prop-Tech, intelligent building technology, and disruptive technology.
International Holding Company
IHC was founded in 1998, as part of an initiative to diversify and grow non-oil business sectors in the UAE. Adhering to ‘Abu Dhabi’s Vision 2030’, the ADX listed company endeavours to implement sustainability, innovation, and economic diversification initiatives across what is now one of the region’s largest conglomerates.
IHC has a clear objective of enhancing its portfolio through acquisitions, strategic investments, and business combinations. Comprising more than 30 entities, IHC seeks to expand and diversify its holdings across a growing number of sectors, including Real Estate, Agriculture, Healthcare, Food and Beverage, Utilities, Industries, IT and Communications, Retail and Leisure, and Capital.
With a core strategy to enhance shareholder value and achieve growth, IHC drives operational synergies and maximizes cost efficiencies across all verticals – it also continues to evaluate investment opportunities through direct ownership and entering partnerships in the UAE and abroad. As the world changes, and new opportunities arise, IHC remains focused on resilience, innovation and redefining the marketplace for itself, its clients, and its partners.
Media Contacts
IHC
Ahmad Ibrahim
Corporate Communication & Media Manager
Ahmad.ibrahim@ihcuae.com
© Press Release 2021
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