EHC Investment bolsters portfolio with Al Fanar Gas Group acquisition
Deal News | Mar 27, 2025 | Zawya
EHC Investment, through its subsidiary Emirates International Gas, has completed the full acquisition of Al Fanar Gas Group, the largest gas distributor and maintenance provider in Abu Dhabi and a leading service company in the UAE. This strategic acquisition is designed to align with EHC's vision of growth, technological advancement, and its role in the UAE’s evolving energy landscape. Al Fanar Gas's market presence combined with EIG allows for enhanced operational efficiency, modernization of infrastructure, and innovation in gas solutions within the region. Leading figures from both companies emphasize the acquisition's capacity to fulfill long-term strategic goals and national priorities, ensuring sustainable growth and economic advancement in the UAE.
Sectors
- Energy
- Mergers and Acquisitions
Geography
- United Arab Emirates – The companies involved, EHC Investment and Al Fanar Gas Group, are operating predominantly within the UAE, playing significant roles in the national energy landscape.
Industry
- Energy – The acquisition relates directly to the energy sector, specifically focusing on the distribution and maintenance of gas within the region.
- Mergers and Acquisitions – The article discusses the acquisition of Al Fanar Gas Group by EHC Investment, highlighting the strategic consolidation in the sector.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| EHC Investment | Acquiring Company | Company | EHC Investment, through its arm Emirates International Gas, leads the acquisition, aiming to strengthen its energy portfolio and enhance operational capabilities. |
| Emirates International Gas (EIG) | Subsidiary involved in acquisition | Company | The energy arm of EHC Investment responsible for operational integration and enhancement post-acquisition. |
| Al Fanar Gas Group | Target Company | Company | The largest gas distributor and maintenance provider in Abu Dhabi with a strong market presence in the UAE. |
| Ali Al Gebely | Managing Director and Board Member | People | Leading the acquisition reflecting EHC's strategic priorities and commitment to sustainable sector investments. |
| Moustafa Rashad | Chief Executive Officer of EHC Investment | People | Articulates the vision and strategic relevance of the acquisition in transforming the UAE's energy sector. |
| Khaled Ben Said | Group Chief Executive Officer of Al Fanar Gas Group | People | Highlights the enhanced capabilities and growth potential from the merger. |