Dodsal Group, the United Arab Emirates (UAE) based firm has acquired India’s AE&E IDEA (India) Pvt Ltd, reported the Business Standard. The Dodsal Group is an engineering, procurement and construction company. The acquisition comes as the latest in a string of acquisitions Dodsal has undertaken through its growth strategy.
According to the Business Standard, it adds to Dodsal’s growing portfolio and improves its project execution capabilities in the engineering, procurement and construction sectors. Based in Chennai, AE&E IDEA (India) Pvt Ltd has established its presence in the power, oil and gas and infrastructure sectors. Dodsal expects the investment to complement and enhance its engineering division’s own strengths in the fields of oil and gas, power, pipelines, infrastructure, exploration & mining.
Commenting on the acquisition, Dodsal Group Chairman and President Rajen A Kilachand said the acquisition is a strategic fit and further strengthens the company’s existing business footprint in the energy, industrial and infrastructure sectors. Kilachand said the investment presents an opportunity for the provision of comprehensive solutions and the delivery of path-breaking technological development in the engineering, procurement and construction space.
According to Kilachand, huge investments are expected in the energy and power sector and Dodsal is confident that the synergies with this acquisition will help it achieve its core mission of serving customers globally.
The Business Standard further said the enhanced engineering expertise augments the engineering capability within Dodsal’s existing business line, providing areas for exploring value engineering options and providing customers more cost-effective EPC business solutions, which sync perfectly with a deeper strategy at Dodsal to execute EPC projects with in-house engineering resources. AE&E IDEA employs around 350 engineers.
Dodsal Group is a Dubai-based diversified multinational group with operations in Engineering and Construction, Infrastructure Development and Management, Exploration of Hydrocarbons and Mining of Minerals and Metals for the energy sector, Trading Activities and Quick Service Restaurants.
With a business volume of over US$ 2 billion, Dodsal is one of the leading energy and infrastructure development companies in the world and soon to be an oil and gas, minerals and metals producer.
Dodsal undertakes its Engineering and Construction business in the energy and infrastructure sectors on an EPC (Engineering, Procurement, and Construction) and large construction project basis along with financing if required. The company’s operations cover the Middle East and North Africa and the Indian Subcontinent with offices in United Arab Emirates, Qatar, Oman, Saudi Arabia, Algeria and India.