ALEC to acquire 100% of TARGET Engineering ...United Arab Emirates

ALEC Engineering and Contracting, part of the Investment Corporation of Dubai (ICD), has announced that it has signed a share purchase agreement to acquire TARGET Engineering Construction Company. In a statement, ALEC said that the agreement will see it acquire 100% of Target, enhancing its resources with the significant assets held by TARGET Engineering. This includes its 11,000 strong workforce, more than 30 marine vessels, and 52,000sqm of API/ASME-certified fabrication facilities. Additionally, the acquisition includes TARGET’s controlling stake in IDROTEC srl, an Italian specialised marine design engineering firm known globally for its specialist marine, hydraulic and environmental desi

Hence then, the article about alec to acquire 100 of target engineering was published today ( Monday 19/12/2022 - 10:48 AM ) and is available on ME CONSTRUCTION NEWS ( United Arab Emirates ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

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