Dhahran – Saudi Arabia: The Industrialization and Energy Service Company (“TAQA”) announced today the closure of its 100% acquisition of Al Mansoori Petroleum Services (“AMPS”), expanding TAQA’s Well Solutions business internationally.
The acquisition is funded by a capital increase led by TAQA’s existing major shareholders. This investment brings to TAQA a long-established, well-diversified MENA-based business with a track record of strong performance and longstanding relationships with large Oil & Gas companies in the region. The combined businesses employ over 5,500 employees, serving a wide and diverse customer base across 20 countries, creating a regional and global integrated Well Solutions business headquartered in Dhahran, Saudi Arabia.