Announced
Completed
Financials
Sources
Tags
Switzerland
pipeline inspection services
Acquisition
Cross Border
Private
Friendly
Single Bidder
Oil Equipment and Services
Minority
Private Equity
Completed
Synopsis
Gulf Investment, a Kuwait-based Gulf investment firm, completed the acquisition of a minority stake in Pipecare Group, a provider of pipeline inspection services. Financial terms were not disclosed. "We are excited to enter a new phase in our company's growth in partnership with GIC to further develop our technology and play a critical role in supporting our customers in the safe delivery of energy," Khaled El-Shami, Pipecare Group Chairman.
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