Alpha Dhabi Holding Company, one of the fastest growing investment holding companies in the UAE and listed in the Abu Dhabi Securities Market with symbol (Alphadhabi), has acquired its acquisition of 25% of Gordon Technologies, the pioneering supplier of measurement technology during drilling technology (MWD) In the oil and gas sector for 602 million dirhams.
Shimira Capital is the only financial advisor that Alpha Dhabi Holding has retained for the transaction.
Gordon Technologies was founded in 2014, and Pelekan Energy Partners, a joint stock company, owns the majority of the company. The Gordon Technologies Administration team and the company’s founder, who will remain employed by the company following the completion of the deal that will result in Alpha Dhabi’s acquisition of the company, also have stakes in the business. According to a proportional formula, its share is one of the present shareholders.
Regarding the agreement, Eng.
“This deal reflects our firm commitment to adding more value to our portfolio and strengthening it by expanding the base of our investments in the areas of innovation and technology, which we consider to be essential in a growth strategy Alpha Dhabi,” said Hamad Salem Al-Amiri, CEO and Managing Director of Alpha Dhabi Holding.
We continue to make unceasing efforts to invest in the newest technologies, and through partnerships with industry titans like Gordon Technologies, we hope to quicken this field’s upward march even as we finish expanding our energy portfolio and completing our geographic and market diversity.
The transaction is perfectly aligned with Alpha Dhabi’s long-term investment and expansion strategy in global markets and diversifying its increasing portfolio across its core and subsidiary industries to achieve strong growth and revenues.
Alpha Dhabi will support Gordon Technologies in its expansion plans at the geographical level with a main focus on the East market Al -Awsat, based on the strong performance and Gordon technologies recorded the successes achieved by the current administration team so far.
The CEO of Gordon Technologies, Terry Freith, stated: “The company has had tremendous growth over the past few years and has a proven track record of offering exemplary services across the United States.
We look forward to collaborating with Alpha Dhabi to quicken growth and international expansion toward the region’s market. While we continue to expand and penetrate one of the most significant oil and gas sectors in the world through our technological services, the Middle East presents a great potential for us to add value.
25% of Gordon Technologies is made up of “Alpha Dhabi,” with a market value of 602 million dirhams.
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