Gulf General Investment Co PSC (GGICO) has announced the acquisition of Quality International Co Ltd, a leading regional engineering company specialised in the manufacturing of process equipment for the oil and gas, petrochemical, chemical, paint, power, desalination, water and food processing industries. Quality international is accredited with the ISO 9001:2000 certification, possesses the ASME U and S stamps and has National Board NB and R certifications.
“This acquisition is part of our ongoing growth and is in-line with the board of directors’ approval for acquisition,” commented Mohammed Abdalla Juma Al Sari – managing director of GGICO and the newly appointed chairman of Quality International.
Quality International specialises in the design, detailed engineering, procurement, fabrication, supply and site installation of process equipment such as pressure vessels, reactors and columns, heat exchangers, skids, mounted packages, piping systems and piping spools and all types of tanks and tank farms. Construction materials include carbon steel, stainless steel, duplex and super duplex, alloy steel, clad material, inconel and monel.
“Joining with a reputable leading group like GGICO helps us to continue growing on a global scale,” added Shashi Ramakrishnan – managing director of Quality International.
GGICO is a Dubai Financial Market-listed public shareholding company with widely diversified activities through its 30 subsidiaries and affiliates. The group has interests in manufacturing and industrial, investment and brokerage, real estate, insurance, retail, trading, transport, services and hospitality.