"Oman's Renaissance Services has sold its oilfield maintenance services unit Topaz Oil and Gas, based in the United Arab Emirates, to Interserve for $46 million (30 million pounds), a bourse filing said on Sunday.
The U.K.-based support services and construction group bought the business to expand its growth in the Middle East, the statement said. Interserve has previously made acquisitions in Oman and Qatar it added.
"Interserve sees the Middle East oil and gas services sector as a key growth market and this acquisition establishes our presence in the UAE," Adrian Ringrose, Interserve's chief executive officer, said in the statement."
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