Monday 28 July 2014
German firm

Depa buys luxury fit-out business of German firm

Depa, a leading interior contracting company, has acquired the assets of German-based Loher Raumexklusiv’s luxury interiors business, through its wholly-owned German subsidiary, Vedder, for an undisclosed sum. Founded in 193


Abu Dhabi IPIC in Ferrostaal stake deal

Abu Dhabi's International Petroleum Investment Company (IPIC) will sell back its 70 per cent stake in plant construction and engineering business Ferrostaal to German truckmaker MAN in a deal that ends a year-long dispute. As per the d


Midline Industrial eyes ME market

Midline Industrial Equipment, a leading provider of German power tools and maintenance services, aims to boost its presence in the Middle East region with its debut Big 5 show. The Middle East’s largest building and construction show, Big


Siemens clinches Saudi PTA plant order

Siemens Energy said it has won a major order to supply a new compressor train for expansion of the IbnRushd purified terephthalic acid (PTA) plant in Saudi Arabia. The order was placed by the Taiwani construction company CTC


Drake & Scull buys 82pc of German firm

Dubai's Drake and Scull International bought an 82 per cent stake in a German waste treatment firm and said it expected at least one more acquisition for up to $20 million by the year-end. Drake paid Dh145 million ($39 million) for con

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