ALEC acquires stake in INPROSERV
ALEC has announced that it has taken a stake in asset maintenance services specialist, INPROSERV. In addition, ALEC has also taken a stake in INPROSERV International, which has offices across Europe and Africa and services infrastructure projects across the globe.
INPROSERV is said to offer a wide range of turnkey services for oil refineries, bulk fuel tank storage terminals, offshore oil & gas rigs, mines, power stations, construction sites, commercial buildings, and manufacturing plants. Its services include bulk fuel storage tank construction mechanical work, repairs and maintenance, piping & valves, specialised painting, sandblasting, corrosion control, tank linings, epoxy flooring, waterproofing and fireproofing, concrete coring, cutting and repairs, roofing insulation and painting.
According to a statement from ALEC, the move aligns with its strategy towards strengthening its capabilities and broadening its value proposition for industries that include mining, energy, petrochemical, oil & gas, marine, offshore, manufacturing, industrial and construction sectors.
“Over the years, we have steadily expanded our core areas of expertise through rigorous R&D, world-class talent development programs, and strategic acquisitions of market-leading organisations that embody the principles that are a hallmark of our brand. With INPROSERV Middle East now part of the ALEC Group, we are propelling ourselves further ahead, solidifying our position as the partner-of-choice for end-to-end delivery and maintenance of the region’s most ambitious construction endeavours,” said Barry Lewis, CEO at ALEC.
The move follows an acquisition of TARGET Engineering Construction Company in the second half of 2022. Target specialises in the mechanical oil & gas, electrical, civil, and marine segments.
ALEC’s focus will be on extending these services to new and existing clients across the Middle East, leveraging INPROSERV’s established footprint offices and industry expertise, the firm noted.
“Our business has been on a steady upward trajectory, a direct outcome of strategic decisions aligned with our destination statement. Therefore, it’s crucial to enter into the right partnerships to strengthen our ability to deliver world-class projects. The incorporation of INPROSERV into the ALEC Group will bring added value to both our existing and future clients.” said John Deeb, COO of ALEC.
Schalk Engelbrecht, General Manager of INPROSERV added, “The Middle East has always been a focus market for INPROSERV and this partnership furthers the scope of our business in the region. We are proud to be part of the ALEC Group, as this paves the way for our expertise to be applied to a wide range of iconic projects. We are especially impressed by the synergies between their teams and subsidiaries, which will ensure that the skills of our team of experts perfectly complements the impressive range of services that the group offers.”
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