Interserve has bought a Middle East gas and oil specialist in a bid to further expand its presence in the region
Interserve said it had acquired United Arab Emirates-based Topaz Oil and Gas for US$46m (£30m)
Topaz provides oil field maintenance, fabrication and construction services in the Middle East.
Interserve chief exeutive Adrian Ringrose said: “Interserve sees the Middle East oil and gas services sector as a key growth market and this acquisition establishes our presence in the UAE.
“It also complements other acquisitions we have made, such as TOCO of Oman and Madina in Qatar, enabling us to serve clients over a wider geographic footprint.”
Topaz’s clients include Shell, ADOC (Japan), the ADNOC Group of Companies, Qatar Gas, RAK Petroleum and Aker Solutions.