YBA Kanoo acquires services company in KSA
Technical Contracting Company (TCC) specialises in mechanical, electrical, instrumentation contracting and maintenance services for the past three decades
Bahrain-based business conglomerate Yusuf Bin Ahmed Kanoo Company Ltd (YBA Kanoo), has acquired a 100% stake in the Technical Contracting Company (TCC).
Based in Jubail Industrial City in the Kingdom of Saudi Arabia, TCC specialises in mechanical, electrical, instrumentation contracting and maintenance services for the past three decades.
TCC is an approved vendor to ARAMCO, SABIC, SEC, SWCC, Maaden, the Royal Commission and other major conglomerates.
“This acquisition is a strategic decision for the seamless integration of our Oil & Gas division to provide value-added services to our customers and improve the overall efficiency,” Khalid Kanoo, deputy chairman of YBA Kanoo Group has said of the acquisition.
“Full integration of the two businesses will be completed in the next few weeks and our clients will continue to receive the same level of service provided by YBA Kanoo to all its customers,” Ali Abdulla Kanoo, Country Manager of the YBA Kanoo Group added.