Dubai-based Gulf General Investment Company (GGICO) has acquired Quality International Company, an engineering company, for undisclosed amount.
"This acquisition is part of our ongoing growth and is in line with the board of directors' approval for acquisition," said Mohammed Abdalla Juma Al Sari, Managing Director of GGICO and the newly appointed Chairman of Quality International.
Quality International specialises in the manufacturing of process equipment for oil and gas, petrochemical, chemical and paint, power and desalination, water and food processing industries.
"Joining with a reputable leading group such as GGICO helps us attain our target to continue growing on a global scale," according to Shashi Ramakrishnan , Managing Director of Quality International.