MIS acquires Litwin PEL from Emdad

UAE-based Maritime Industrial Services Company (MIS), a diversified engineering and contracting group focused on the energy sector,  has agreed to acquire Litwin PEL, an Abu Dhabi-based EPC and engineering services company catering to the Middle East and Africa Oil and Gas sector, from Emdad, Abu Dhabi.The deal size is not revealed.MIS will extend its relationship with Emdad, the previous owner of Litwin, through a marketing agreement which will help to drive the business’s growth strategy.

The business, which will maintain the name Litwin PEL / part of the MIS Group of Companies for a three year period, will continue to be led by its Chief Executive Officer, Pierre Leretz.

“This move builds on the strategic initiative that MIS launched in 2009 to bolster its engineering capability and grow its EPC business with the establishment of Energy Projects International (EPI). EPI strategic objectives include the establishment of a strong presence in Abu Dhabi and other key markets, to enable MIS to participate in the region’s major oil and gas development programme scheduled for implementation in the coming few years. Litwin, with a current staff of just under 200 people, adds to MIS’ existing capabilities in engineering,” said a statement.