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Announced

Completed

Alpha Dhabi Holding completed the acquisition of a 25% stake in Gordon Technologies.

Synopsis

Alpha Dhabi Holding, a firm engaged in the provision of construction services, completed the acquisition of a 25% stake in Gordon Technologies, a manufacturer of measurement-while-drilling technology products. Financial terms were not disclosed. "We have experienced significant growth and have a strong track record of delivering outstanding services across the United States, and we look forward to working with Alpha Dhabi to catalyze our growth further and expand internationally into the Middle East market. We believe this represents a great opportunity to generate further value as we grow and provide our proprietary technology services to what is one of the core oil and gas markets globally," Terry Frith, Gordon Founder & CEO.

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