Al Gihaz acquires Enshore Subsea
By Leila Steed07 April 2021
Al Gihaz Contracting – part of Saudi investment firm Al Gihaz Holding – has completed its acquisition of UK-based subsea trenching firm Enshore Subsea for an undisclosed amount.
The company said its acquisition of the specialist firm would enable it to create a new joint venture company, which will offer seabed intervention and construction management services.
Sami Alangari, group vice chairman of Al Gihaz Holding, said, “With this acquisition, Enshore Subsea will benefit from the technical and financial expertise of Al Gihaz Contracting, which for many years has been a leading power and manufacturing services provider locally and internationally.”...Sign in to continue reading.