Bodycote expands Middle East laboratory operations
Bodycote International has announced the acquisition by its Materials Testing Division of the Middle Eastern laboratory interests of Carillion for £1.3m cash.
The acquired businesses operate from five locations throughout the United Arab Emirates and the Sultanate of Oman providing material testing services to the construction and oil and gas industries.
The new laboratories will combine resources with Bodycote's existing operations in Abu Dhabi to provide a comprehensive service in metallurgical, analytical, coatings and civil engineering testing to the region.
As part of the deal, a joint venture has also been signed with Al Futtaim Real Estate Investment Co. LLC in connection with testing operations in Dubai and the Northern Emirates.
Through Al Futtaim's position as an investor in the future development of Dubai, Bodycote hopes to expand and focus the laboratory business as a leading independent source of materials testing to all major industrial companies in the area.
Key Carillion management associated with the laboratory businesses have all transferred to Bodycote and will operate under the direction of Bodycote's existing Middle East management.