Saudi’s Nesma & Partners to acquire Dubai-based energy services firm Kent

Saudi’s Nesma & Partners to acquire Dubai-based energy services firm Kent

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Nesma & Partners, a contracting company in the Middle East, has signed an agreement to acquire Kent, a global energy services provider.

The completion is anticipated by the end of the calendar year, subject to regulatory approvals and satisfaction of customary closing conditions, at which time Nesma & Partners will become the owner of Kent.

Kent is a privately-owned engineering and project management firm in the energy sector. The company has been backed by global energy investment firm Bluewater since 2015.

In that time, the company has grown its revenue tenfold, experiencing notable growth over the past two years following its acquisition of SNC-Lavalin’s Oil & Gas business in mid-2021.

Now a $1.4bn dollar revenue business, it competes for recognised value-based service contracts covering complex and technical solutions for the conventional energy, renewables, low carbon, chemicals and processing sectors.

Kent has clients, including international energy companies, national oil companies, renewable energy companies, as well as global petrochemical companies.

Operating for over 40 years, Nesma & Partners has an established track record of success in delivering some of Saudi Arabia’s industrial and infrastructure projects for a wide range of clients in the public and private sectors, including Saudi Aramco, the Public Investment Fund,