Saturday, 11 February 2012

Oman's UES buys Malaysian firms' assets

Oman-based United Engineering Services (UES), a leading engineering oilfield services provider and a subsidiary of MB Holding, said it has acquired assets of two Malaysian companies - Professional Power Craft and Wise Marine.

UES, which began operations in 1979, is today a multi-disciplinary engineering sales and oilfield services company covering the oil, gas and water industries in Oman and the Gulf region.

With a publicly announced commitment to proactively address the Oman and regional maritime/defence and security sectors, this strategic acquisition provides UES an entry into the advanced composites industry, said a senior official.

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