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New Deal


Announced

TAQA to acquire the remaining shares in Arabian Geophysical and Surveying Company.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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geological services

Specialty Contracting

Domestic

Private

Pending

Single Bidder

Saudi Arabia

Acquisition

Majority

Friendly

Synopsis

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TAQA, an international company headquartered in Dharan, agreed to acquire the remaining shares in Arabian Geophysical and Surveying Company, a geological service in Dhahran, Saudi Arabia. Financial terms were not disclosed. "In this transaction, which is aligned with TAQA's strategy, ARGAS becomes a fully-owned TAQA company, further accelerating synergies across our fully-owned businesses. We will further invest in ARGAS to leverage its surveying capabilities to access the region's natural resource and mining sectors," Khalid M. Nouh, TAQA CEO.

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