Announced
Financials
Sources
Tags
Specialty Contracting
Single Bidder
United Arab Emirates
environmental tests
Acquisition
Cross Border
Majority
Private
Pending
Friendly
Synopsis
Apave, a construction engineering company, agreed to acquire Lonestar, a technical & industrial services provider. Financial terms were not disclosed. "Industrial, environmental and structural tests and measurements are essential preventive measures to ensure the safety of people and property and to protect the environment. The acquisition of Lonestar not only strengthens our presence in the strategic Middle East region, but also consolidates our expertise in tests and measurements. I am delighted to welcome the Lonestar employees who are joining us and wish them a warm welcome to the Group," Philippe Maillard, Apave CEO.
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