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THE BIG PICTURE
03 UNITED KINGDOM
01 UNITED STATES
AESG acquires Commetch Europe
Vertiv Holdings acquires E&I Engineering Group Vertiv Holdings Co (Vertiv), a global provider of critical digital infrastructure and continuity solutions, has announced that through its subsidiaries, it has entered into a definitive agreement to acquire E&I Engineering Ireland Limited and its affiliate, Powerbar Gulf LLC (“E&I”) for approximately $1.8 billion in upfront consideration plus the potential for up to $200 million in cash, based on achieving certain 2022 profit milestones. The upfront consideration consists of $1,170 million in cash and approximately $630 million of Vertiv common stock.
02 UNITED KINGDOM
UK’s Penspen signs $70m in MEA energy contracts Penspen, the UK-based engineering, project management, asset management and integrity services specialist, has said that it has recorded a highly successful year to date in the Middle East and Africa, with a strong performance forecast for the rest of the year. The company added that its Project Management Consultancy (PMC) service line alone has secured more than $50 million from five new, longterm contracts from entities such as ADNOC, ADNOC Onshore, ADNOC Offshore and ADOC during 2021.
AESG, the specialist consultancy, engineering and built environment advisory firm with headquarters in Dubai, London and Singapore, has announced the acquisition of Commtech Europe, an established provider of commissioning and technical services throughout Europe. AESG said that the rapid expansion of the data centre and pharmaceutical sectors alongside the ever-increasing complexity of building systems, meant that Commtech Europe’s reputation and strength in commissioning critical facilities and systems would perfectly align with AESG. Commtech Europe will be fully integrated into AESG.
04 UNITED KINGDOM
06 EGYPT
DP World to build fourth berth at London logistics hub
Alstom delivers first two trains for Cairo Monorail
DP World will begin construction work next month on a fourth berth at its London Gateway logistics hub. The upgrade is being built at an investment of $415m in a bid to increase supply chain resilience and create more capacity for the world’s largest ships. The investment builds on the $2.76bn investment DP World has already made in Britain over the last decade. The new fourth berth will raise capacity by a third and completion will coincide with the delivery of a new wave of 24,000 TEU vessels in 2023/2024, which will all be operated between Asia and Europe.
October 2021 | MEConstructionNews.com
05 TUNISIA
Metito-led consortium wins tender to build Tunisian seawater desalination plant
Metito has announced that its consortium with Orascom and Cobra has won the tender to build a seawater desalination plant in Sfax. The tender was raised by the Société Nationale d’Exploitation et de Distribution des Eaux (SONEDE). The project is fully funded by the Japanese International Cooperation Organization (JICA) and is set to begin operations in February 2024. Metito will carry out the design, procurement, and construction (EPC) of the project which is estimated to be complete within 30 months.
The first two Innovia 300 trains for the Cairo Monorail project have been delivered, Alstom has announced. The trains were completed at the firm’s Derby UK factory, with propulsion systems application led by Alstom’s site in Trapaga, Spain. The dispatch of the first eight fully automated, driverless cars out of 70 trains (a total of 280 cars) is a major milestone in the Cairo Monorail project, Egypt’s first two monorail lines. The lines link the New Capital City and 6th October City to Greater Cairo. Both lines of the project are expected to open in 2023.
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