Yusuf Bin Ahmed Kanoo Company Ltd. (YBA Kanoo), one of the largest, independent, family-run multinational businesses in the Middle East with a diversified portfolio of innovative products and services, has acquired a 100 percent stake in the Technical Contracting Company (TCC).
Based in Jubail Industrial City, TCC specializes in mechanical, electrical, instrumentation contracting and maintenance services for the past three decades.
TCC is an approved vendor to Saudi Aramco, Saudi Basic Industries Corporation (SABIC), Saudi Electricity Company (SEC), Saline Water Conversion Company (SWCC), Maaden, the Royal Commission and other major conglomerates.
Commenting on the deal, Khalid Kanoo, deputy chairman of YBA Kanoo Group, said: “This acquisition is a strategic decision for the seamless integration of our oil and gas division to provide value-added services to our customers and improve the overall efficiency.”
Ali Abdulla Kanoo, country manager of the YBA Kanoo Group, stated: “Full integration of the two businesses will be completed in the next few weeks and our clients will continue to receive the same high level of service provided by YBA Kanoo to all its customers.”
YBA Kanoo establishes solid, long-term distribution and joint venture partnerships with many prominent and well-reputable local and international companies through its more than 125 years’ history.
The company utilizes the latest technology to deploy smart and innovative operations across its functions. It also pursues and achieves business growth and expansion through the constant delivery of sustainable excellence.
Based in Jubail Industrial City, TCC specializes in mechanical, electrical, instrumentation contracting and maintenance services for the past three decades.
TCC is an approved vendor to Saudi Aramco, Saudi Basic Industries Corporation (SABIC), Saudi Electricity Company (SEC), Saline Water Conversion Company (SWCC), Maaden, the Royal Commission and other major conglomerates.
Commenting on the deal, Khalid Kanoo, deputy chairman of YBA Kanoo Group, said: “This acquisition is a strategic decision for the seamless integration of our oil and gas division to provide value-added services to our customers and improve the overall efficiency.”
Ali Abdulla Kanoo, country manager of the YBA Kanoo Group, stated: “Full integration of the two businesses will be completed in the next few weeks and our clients will continue to receive the same high level of service provided by YBA Kanoo to all its customers.”
YBA Kanoo establishes solid, long-term distribution and joint venture partnerships with many prominent and well-reputable local and international companies through its more than 125 years’ history.
The company utilizes the latest technology to deploy smart and innovative operations across its functions. It also pursues and achieves business growth and expansion through the constant delivery of sustainable excellence.
