Centurion Group has acquired Specialist Services, a company based in the United Arab Emirates that provides modular buildings, production equipment and other technical services.
The Aberdeen-headquartered company, which provides rental, infrastructure and support services to the energy industry, said the deal will provide it with a strong platform for growth in the Middle East.
No value was put on the deal but Centurion said it is its largest acquisition of nine made since 2018 and will increase its roughly $460 million annual revenues by about 20%.
Centurion chief executive Fernando Assing said: “Specialist Services is a very high-quality business aligned to our strategy of sustainably delivering essential rentals and services to critical industries globally.
“The business brings a strong management team and provides us with a strategic base in the Middle East, Asia and South-East Asia.
“With Specialist Services we are significantly expanding our business, and creating a more resilient, scalable platform as we seek to be a partner of choice available for global customers across critical industries in the fulfilment of their sustainable growth plans.”