Nesma & Companions Contracting Firm Ltd acquires Kent

Kent is a privately-owned engineering and venture administration agency within the vitality sector. The corporate has been backed by international vitality funding agency Bluewater since 2015. In that point, the corporate has grown its income tenfold, experiencing notable progress over the previous two years following its acquisition of SNC-Lavalin’s Oil & Fuel enterprise in mid-2021. Now a US$1.4 billion-dollar income enterprise, it competes for recognised value-based service contracts protecting complicated and technical options for the traditional vitality, renewables, low carbon, chemical substances, and processing sectors.

Kent has a roster of blue-chip purchasers together with worldwide vitality firms, nationwide oil firms, renewable vitality firms, in addition to international petrochemical firms.

Working for over 40 years, Nesma & Companions has a longtime observe file of success in delivering a few of Saudi Arabia’s greatest industrial and infrastructure initiatives for a variety of purchasers in the private and non-private sectors, together with Saudi Aramco, the Public Funding Fund, NEOM, GACA, Ministry of the Nationwide Guard, Royal Fee, and the Ministry of Defence.

As a number one contracting firm, Nesma & Companions gives full-fledged companies within the industrial, vitality, civil and buildings, and infrastructure sectors, plus electro-mechanical capabilities.

The strengths of Nesma & Companions and Kent might be leveraged to ship high-quality companies to purchasers throughout varied industries. Connecting their experience and sources will allow them to create revolutionary options for purchasers that meet their evolving wants in an more and more aggressive market throughout the complete venture lifecycle, from consulting to design, construct, commissioning, and start-up by means of to upkeep and decommissioning.

Nesma & Companions and Kent started collaborating in June 2022 to take advantage of their respective strengths once they established a Joint Enterprise, NesmaKent, as EPC Champion for Saudi Aramco. Its purpose is constructing an autonomous engineering centre of excellence in Saudi Arabia to develop new capabilities in engineering, procurement, and development companies regarding carbon seize, blue hydrogen, and blue ammonia applied sciences. Deploying such applied sciences will minimise dependence on guide labour, improve competitiveness, advance execution by means of schedule and value enhancements, and embrace visualisation, knowledge integration, asset administration, digital twin, analytics and synthetic intelligence, cyber resilience, and low carbon applied sciences.

Below the possession of Nesma & Companions, Kent might be positioned and resourced to speed up the supply of its formidable technique. There might be no adjustments to the decision-making autonomy construction of Kent or its core service providing.

The present management staff will stay in place and proceed to ship world-class companies to the vitality business by means of 4 well-established service traces: Consulting; Engineering & Tasks; Commissioning, Completions & Begin-up; and Operations & Upkeep. With the brand new construction, Kent will double down on its efforts to deal with the challenges and alternatives of the worldwide vitality transition.

“That is an thrilling time for our firm as we glance to broaden our attain and capabilities,” stated Nesma & Companions; President & CEO Samer Abdul Samad. “We’re deeply impressed with the expansion and achievements of Kent thus far. We’re trying ahead to supporting the Kent enterprise to not solely proceed however supercharge its present trajectory of success. By leveraging the strengths of each firms, we’re assured that we will ship much more worth to our prospects and obtain our targets for progress and success.”

The brand new settlement will create a stable and dynamic portfolio for Nesma & Companions that’s well-positioned to benefit from the various alternatives that lie forward. With a shared dedication to excellence and a dedication to delivering world-class companies, the 2 firms are poised to realize nice issues sooner or later.

“We’re thrilled to embark on this subsequent part of our journey with Nesma & Companions. We’ve got lengthy admired their experience and dedication to delivering excellent outcomes for his or her purchasers,” remarked Kent’s CEO, John Gilley.

“This settlement marks an thrilling, ground-breaking growth for Kent. With the backing and assist of Bluewater over the previous eight years, now we have been in a position to cement our place as a number one international vitality companies supplier. Now, beneath the possession of Nesma & Companions, the Kent model and all our groups worldwide can have extra alternatives to develop and develop our world-class lifecycle companies to our purchasers.”

Marcello Stroppa, Director at Bluewater, commented: “We’ve got loved working with the management staff of Kent over the previous eight years. The staff’s urge for food for entrepreneurship is actually admirable, and all of us right here at Bluewater are certain that with the added assist and impeccable fame of Nesma & Companions, the longer term continues to be vivid for the Kent enterprise.”

Gilley continued: “What excites me essentially the most about this acquisition is the dedication of Nesma & Companions to assist the funding that may assist us to realize our function to courageously deal with the best problem of our time, to deliver our world the vitality it wants in essentially the most accountable approach ever imagined.”

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