Engie Solutions, an international leader in providing low carbon energy and services, has acquired Allied Maintenance Company (AMC), a Saudi-based total facilities management company with a wealth of experience across numerous locations in the kingdom.
Formed in 1992, AMC has more than three decades of experience serving customers across a range of sectors in Saudi Arabia. With more than 1,300 staff, AMC currently manages multiple projects in strategic locations across Riyadh, Al Khobar, Dammam, Jubail, Khamis Mushayt, Taif, Jeddah, and Tabuk.
Through the acquisition, Engie will expand its presence in Saudi Arabia by leveraging AMC’s countrywide coverage and client base, while also proving customers with its world leading low carbon energy services – particularly in the areas of energy efficiency and digitization, said the statement from the company. Engie’s portfolio in the region includes bespoke and performance-based energy services built on people, expertise and cutting-edge technologies.
An objective of the company’s growing presence in Saudi Arabia is to elevate technical capabilities by upskilling the local workforce and deploying new and sustainable solutions designed to optimize energy consumption, asset performance, and operating costs, it added. On the acquisition, Ian Harfield, Executive Vice President of Engie Solutions (Middle East, South and Central Asia and Turkey) said: "With its strong reputation and network across Saudi Arabia, AMC is a welcome integration into the Engie Group that will strengthen our leadership in delivering energy-driven client solutions locally in Saudi Arabia, and across the region, in line with Engie Group’s vision to enable the transition towards a carbon-neutral society."
On the acquisition, Turki Al Shehri, CEO of Engie in Saudi Arabia, said: "This represents the group’s confidence in the talent and skills cultivated in the Kingdom over the years. By strengthening these long-standing relationships, we plan to accelerate the deployment of integrated energy solutions to our client base in Saudi Arabia.” "We have witnessed remarkable growth across all sectors in the Kingdom, and along with this growth comes a stronger need for value and performance focused solutions," he added.
"This is a proud moment for AMC, to be integrated into Engie Group, said its CEO Abdullah El Sibai.
"As a homegrown company, we have grown a strong portfolio of clients over the last 30 years, and this new step for our company will enable us to enhance our offerings and attract a new generation of technical and skilled workforce to join the growing ranks of professionals in the Kingdom’s energy services sector," he added.
Source: TradeArabia News Service