AD Ports Groups acquires UAE-based Divetech Marine Engineering Services – ITP.net

AD Ports Groups acquires UAE-based Divetech Marine Engineering Services – ITP.net

AD Ports Group acquired UAE-based Divetech Marine Engineering Services that will allow AD Ports to extend the range of services offered by the firm’s maritime cluster.

Divetech Marine Engineering Services is a topside-subsea solutions provider that offers a range of services including installation, inspection, repair and maintenance for ports and other maritime organisations.

AD Ports, which is listed on the Abu Dhabi Securities Exchange, will look to use the acquisition to generate “significant commercial, operational, and financial synergies,” a statement from the company said.