+
SEPC To Acquire 90 Per Cent Stake In Avenir Abu Dhabi
ECONOMY & POLICY

SEPC To Acquire 90 Per Cent Stake In Avenir Abu Dhabi

SEPC Limited has said that its board has approved the acquisition of a 90 per cent equity stake in Avenir International Engineers and Consultants LLC, Abu Dhabi. The move is aimed at expanding SEPC's global footprint and strengthening its presence in the high-growth Oil and Gas engineering sector across the Middle East and North Africa.

Avenir International Engineers and Consultants LLC is an established engineering services firm specialising in Oil and Gas engineering, front-end engineering design and project management consultancy. The company has a robust order book of approximately United Arab Emirates dirham (AED) 500 million (mn) and longstanding client relationships with regional entities including ADNOC and DEWA.

Under the terms SEPC will acquire the 90 per cent stake through a share swap arrangement. The valuation is based on 90 per cent of AED 708 million, equivalent to Indian Rupee (Rs) 15.3 billion (bn), and the transaction is expected to complete within six months subject to lenders and shareholders approvals. The acquisition is being carried out at arm's length.

Avenir reported revenue of AED 73.93 million (mn) in FY24 and AED 69.17 million (mn) in FY23, broadly equivalent to roughly Rs 1.72 bn and Rs 1.57 bn respectively. The company holds certifications including ISO 9001, ISO 14001 and ISO 45001 and is an ADNOC-approved vendor, underscoring its regional credibility.

SEPC said the acquisition represents a strategic shift from a primarily domestic EPC business to a globally diversified engineering and infrastructure company, with expected benefits including new revenue streams, improved margins and deeper client engagement. The companies intend to integrate engineering, procurement and project execution capabilities to pursue larger and more complex opportunities and to support sustainable, net zero aligned solutions.

SEPC Limited has said that its board has approved the acquisition of a 90 per cent equity stake in Avenir International Engineers and Consultants LLC, Abu Dhabi. The move is aimed at expanding SEPC's global footprint and strengthening its presence in the high-growth Oil and Gas engineering sector across the Middle East and North Africa. Avenir International Engineers and Consultants LLC is an established engineering services firm specialising in Oil and Gas engineering, front-end engineering design and project management consultancy. The company has a robust order book of approximately United Arab Emirates dirham (AED) 500 million (mn) and longstanding client relationships with regional entities including ADNOC and DEWA. Under the terms SEPC will acquire the 90 per cent stake through a share swap arrangement. The valuation is based on 90 per cent of AED 708 million, equivalent to Indian Rupee (Rs) 15.3 billion (bn), and the transaction is expected to complete within six months subject to lenders and shareholders approvals. The acquisition is being carried out at arm's length. Avenir reported revenue of AED 73.93 million (mn) in FY24 and AED 69.17 million (mn) in FY23, broadly equivalent to roughly Rs 1.72 bn and Rs 1.57 bn respectively. The company holds certifications including ISO 9001, ISO 14001 and ISO 45001 and is an ADNOC-approved vendor, underscoring its regional credibility. SEPC said the acquisition represents a strategic shift from a primarily domestic EPC business to a globally diversified engineering and infrastructure company, with expected benefits including new revenue streams, improved margins and deeper client engagement. The companies intend to integrate engineering, procurement and project execution capabilities to pursue larger and more complex opportunities and to support sustainable, net zero aligned solutions.

Related Stories

Gold Stories

Next Story
Real Estate

Peninsula Land launches 19 luxury villas in Pune

Pune’s residential landscape is witnessing a shift as premium homebuyers increasingly seek larger spaces, privacy and independent living options beyond high-rise apartments. Addressing this demand, Peninsula Land Limited, part of the Ashok Piramal Group, has launched AshokVillas, an exclusive collection of 19 premium furnished villas in Gahunje, Pune.The development combines the independence of a standalone home with the convenience and security of a managed residential community. Designed around low-density horizontal living, AshokVillas offers residents private spaces while providing acces..

Next Story
Infrastructure Urban

MyBranch Expands South India Network with 16 Workspace Centres

MyBranch has expanded its South India presence with a 50,000 sq ft flexible workspace network comprising 16 centres across 14 cities in Andhra Pradesh, Karnataka, Tamil Nadu and Telangana.The expansion reflects growing demand for flexible office infrastructure as businesses establish regional teams, satellite offices and operations beyond traditional metropolitan markets. MyBranch’s network spans Bengaluru, Coimbatore, Guntur, Hanamkonda, Hubballi, Hyderabad, Madurai, Mangaluru, Rajahmundry, Salem, Tirupati, Vellore, Vijayawada and Visakhapatnam, with a large office space in Chennai also und..

Next Story
Building Material

Walplast Launches Moisture-Resistant Gypsum Plaster Solutions

Walplast Products Pvt. Ltd. has expanded its HomeSure GypEx portfolio with the launch of GypEx MoistShield and GypEx Gold, two gypsum plaster solutions designed to address moisture-prone applications and improve plastering efficiency.The new products have been developed in response to the growing demand for faster construction processes, improved material performance and consistent surface quality. The solutions aim to simplify interior plastering while addressing specific application requirements across construction environments.“Through HomeSure GypEx MoistShield and GypEx Gold, we are exp..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code