Saudi Arabian Construction Company Acquires Kosan Crisplant
On 19 August 2015 Kosan Crisplant was acquired by Al-Ayuni Investment and Contracting Company (AAIC). AAIC is a major road and civil works construction company based in Saudi Arabia. Some years back, they moved into the business field of energy infrastructure projects and subsequently, in 2013, Al-Ayuni acquired Siraga in France, another leading company within the LPG business.
Double-up on benefits through new ownership
AAIC international companies will be handled by Makeen Energy, a newly founded company under the wings of AAIC, with its base in Denmark. Makeen Energy will be a strong company with more than 700 employees in the company itself, backed by more than 8,000 employees worldwide. With the integration of two strong and recent sister companies, Kosan Crisplant and Siraga will complement each other in a number of ways and be even more efficient working together.
In this new constellation, we will be able to offer our customers better service, a wider product portfolio and an unprecedented worldwide presence, continuing to be close to our customers. The benefits from this new ownership and hence the integration will quickly become apparent to you as considerable synergies are obtained between the two companies.
Optimising solutions for our customers
In order to get the best of two worlds, we are bringing two strong product lines together to find the best possible solution for our customers. In fact, in the initial evaluation, we have already optimised the solution for our conveyor system even further - a tendency that is expected to prevail throughout the entire integration in the years to come.
"The paramount advantage from this merger is that we don’t have to reinvent the wheel. We can share knowledge and expertise and benefit from each other's successes. In that way we obtain a worldwide presence with more than 4000 filling plant installations world-wide, complementing each other's markets and product portfolios," CEO Anders C. Anderson says.
Read more: Read our press statement for details