Companies

Dodsal picks up 100% stake in AE&E IDEA

PTI Dubai | Updated on March 09, 2011 Published on March 09, 2011

UAE-based engineering, procurement and construction company Dodsal Group has acquired the Chennai-based AE&E IDEA (India) Pvt Ltd.

The acquisition adds to Dodsal’s growing portfolio and improves its project execution capabilities in the engineering, procurement and construction sectors.

In its 27 years, AE&E IDEA (India) Pvt Ltd has established its presence in the power, oil and gas and infrastructure sectors and complements and enhances Dodsal’s engineering division’s own strengths in the field of oil and gas, power, pipelines, infrastructure, exploration & mining.

Mr Rajen A. Kilachand, Chairman and President of Dodsal Group, said the acquisition is a strategic fit and further strengthens the company’s existing business footprint in the energy, industrial and infrastructure sectors.

“It opens a new window to provide comprehensive solutions and deliver path-breaking technological development in the engineering, procurement and construction space. With huge investments expected in the energy and power sector, we are confident that the synergies with this acquisition will help us to achieve our core mission of serving customers globally,” he said.

AE&E IDEA has a human resource base of over 350 engineers.

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Published on March 09, 2011
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