Saudi Arabia’s Industrialization and Energy Services Co., known as TAQA, on Monday announced the acquisition of Tendeka, a UK-based engineering and manufacturing company, Arab News reports.
“We continue to realize TAQA 2021 strategy to expand well services offering and become a leading international services and equipment provider,” said Ahmed Mousa Al-Zahrani, TAQA chairman speaking at the International Petroleum Technology Conference in Riyadh.
The acquisition, Al-Zahrani added, will complete TAQA’s portfolio and fill the well completions gap the company had. “TAQA will not only immediately strengthen our capabilities in the key Middle East region, but also bring investment for our future growth,” Tendeka CEO Brad Baker said, commenting on the deal.
Tendeka has offices in Houston, Stavanger, Aberdeen, Dubai and Kuala Lumpur.
Saudi TAQA acquires UK-based engineering and manufacturing Tendeka
