Egis completes acquisition of Kuwait’s Projacs International ...United Arab Emirates

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Egis completes acquisition of Kuwait’s Projacs International
Egis, a global player in the construction and engineering services sector, has completed the acquisition of Projacs International, a Kuwaiti-based engineering consultancy and project management company, it has been announced. The announcement comes in the wake of Egis purchasing 51% of Projacs Internationals shares in 2015, thus becoming a majority shareholder. Since then Egis and Projacs have worked on aligning their business strategies in the Middle East and enlarging their geographical reach, a statement from Egis said. With the acquisition, Egis’ total stake in the Kuwait firm has risen to 95.45%. A French multinational company, Egis is involved in the areas of infrastructure and transpo

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