Egis has acquired a 51% stake in Projacs International
July 2015 — The private shareholders of Projacs International Project Management WLL and Projacs International B.S.C. (Projacs International), the parent companies of one of the largest pan-Arab project and construction management firms, have sold a 51% of their share capital to Egis Ingenierie SA (Egis), a French engineering, project structuring and operations services company, for US$100 million.
Egis is an international group offering engineering, project structuring and operations services in the transport, urban development, building, industry, water, environment and energy sectors. The group employs 12,000 people including 7,800 in engineering development.
Projacs International is the largest Pan-Arab project management firm. Established in 1984, the company has a network of over 20 major offices in the Middle East, North Africa, Asia, Europe and North America, with more than 600 professional staff offering customized services to a variety of clients in the public and private sectors.
Our role in the transaction
Oaklins' teams in France and Saudi Arabia collaborated closely to advise Egis throughout the acquisition process. This deal is another example of the seamless cooperation between Oaklins' teams, demonstrating the organization’s added value through its global execution capabilities, industry expertise and contacts.
Talk to the deal team
Related deals
Multi-Tech and AGJ have been acquired by Wicotec Kirkebjerg, part of the Aarsleff Group
Rent-Tech A/S, including its subsidiaries Multi-Tech A/S and Asger G. Jørgensen A/S (AGJ), has been acquired by Wicotec Kirkebjerg A/S, part of the Aarsleff Group. The transaction creates a strong platform for continued growth and development. With the acquisition of Rent-Tech, Wicotec Kirkebjerg strengthens its industrial service offering and position in West Zealand, Denmark, expanding its capabilities in electrical installations, specialized piping and metalwork services. As part of Wicotec Kirkebjerg, Rent-Tech gains access to additional resources, expertise and larger-scale project opportunities while maintaining their local presence, management teams and long-standing customer relationships. All businesses will continue to operate under their existing brands and leadership teams.
Learn moreICOP has transferred its listing from Euronext Growth Milan to Euronext Milan
ICOP S.p.A. has transferred its listing from Euronext Growth Milan to Euronext Milan.
Learn moreKTL has received investment from Exponent
Exponent Private Equity has invested in KTL, underscoring its focus on backing high-quality Irish businesses. This investment also marks an exciting new chapter for KTL, accelerating the company’s growth and strengthening its footprint across its core telecommunications and power sectors in Ireland and the UK.
Learn more