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UAE's Albatha Engineering acquires substantial stake in UK based A. N. Wallis
This acquisition is in line with Albatha Group's diversification strategy to enter international markets
Dubai, UAE, October 6th, 2013: Albatha Engineering group, part of Albatha Holdings, has acquired a substantial stake in A. N. Wallis, a company established in 1946. A. N. Wallis is one of the world's leading manufacturers of 'Earthing and Lightning Protection' products based in Nottingham, UK. This acquisition is in line with Albatha Group's diversification strategy to enter international markets. Tecon Limited, a market leader in the earthing and lightning protection system in the UAE, is a part of Albatha Engineering Group and has been appointed as the exclusive distributor of A.N. Wallis products in the UAE. They are already the authorized distributors in Saudi Arabia and Oman.
"We are proud to be an UAE based company that has gone global by taking this substantial stake in an international company. Albatha Engineering has been at the forefront of the construction industry for over 40 years and this move was part of our global growth strategy. We are delighted that we have further strengthened our position and extend solid support to the fast growing real estate sector in the UAE," said Adrian Ferrari Stanford, Managing Director, Albatha Engineering.
Derek Nesbitt, Managing Director, A. N. Wallis said, "We have a good working relationship with Albatha and this was a step in the right direction. We will be providing complete support to Albatha and capitalize on market opportunities. A.N. Wallis is a renowned name in the construction industry catering to the earthing and lightning protection requirements for all type building projects. Wallis has a long tradition of providing full range of first class earthing and lightning protection products all over the world."
Albatha Engineering has been at the forefront of the construction industry for over 40 years and delivers a comprehensive offering of outstanding expertise, products and services. This includes mechanical and electrical contracting, surveying, fire protection and facilities management. They are also suppliers of high grade industrial chemicals, and sole agents in the UAE for some of the world leading lighting, electrical and engineering equipment. Albatha engineering has been associated with several prestigious projects in the UAE and across the region.
Albatha Group, one of the largest conglomerates in UAE, comprises of 25 group companies spread across seven industry sectors i.e. automotive, consumer, engineering, home products, real estate, healthcare, household and personal care. Albatha business is spread across the Middle East and North Africa region with a distribution network that expands from the Indian sub continent to Europe. Albatha represents over 200 international corporations serving them with their business and branding needs in the most effective and professional manner.
Albatha manages its companies according to the highest international standards, independently accredited to ISO 9001: 2008 Quality Management Systems, certified by Lloyds Register Quality Assurance Management whereas IT systems are certified to ISO 270001 standards. Across Albatha, relevant businesses also adhere to ISO 14001: 2004 Environmental Management System standards, ISO 22000 & HACCP – the world's highest food safety standards.