Asian Energy Services Expands Globally with Kuiper Group Acquisition

Asian Energy Services Limited ( (IN:ASIANENE) ) just unveiled an announcement.

Asian Energy Services Limited has announced its strategic acquisition of Kuiper Group, a UAE-based provider of comprehensive manpower solutions for the energy sector, for US$ 9.25 million. This acquisition is part of Asian Energy’s strategy to expand its operations and maintenance services internationally, particularly in the Middle East and Southeast Asia, leveraging Kuiper’s established presence in energy-rich countries like Saudi Arabia, Qatar, and the UAE. This move positions Asian Energy to scale its operations, access a larger market, and support its long-term growth ambitions, marking a significant milestone in its global expansion efforts.

More about Asian Energy Services Limited

Asian Energy Services Limited (AESL) is a leading integrated service provider in the energy and mining sectors. The company offers a range of services across the upstream value chain, including integrated oil and gas services such as 2D and 3D seismic geographical data acquisition, operations and maintenance of onshore and offshore oil and gas production facilities, production enhancement services, and mining services including the supply and installation of material handling plants and rapid loading systems.

YTD Price Performance: -15.41%

Average Trading Volume: 15,081

Current Market Cap: 14.39B INR

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