EKAHI AGREES TO ACQUIRE ESSFERO TO INCREASE CAPABILITIES IN OIL & GAS ENGINEERING SOLUTIONS

December 16, 2016

  • Essfero to engineering solutions for Oil & Gas Industry
  • Technology Supports Industry Efforts to Enhance Green Sytems
  • Acquisition Expands Ekahi into Engineering Solutions

WARSAW, POLAND —December 16, 2016—Ekahi today formally announced that it has signed an agreement to acquire the Essfero, a global provider of engineering services and products to the oil and gas industry.

“We are extremely pleased to sign our agreement with Ekahi, which has the global resources, and systems integration expertise required to bring our solutions to full-scale commercial production to meet the growing demands for of the oil & gas industry,” said BP Singh, Essfero’’s vice president of corporate development.

Essfero has a 16-strong Macedonia-based engineering team dedicated to the Oil & Gas, services and solutions.

Igor Shein, International Business Development Head business, explained: “With IEssfero as part of our solutions portfolio, we have a platform that we intend to extend to other EPC disciplines using our global reach and network.”

About Ekahi

Ekahi.Group works on things that matter. The best people and the best technologies taking on the toughest challenges. Finding solutions in energy, engineering, logistics and finance.Ekahi’smission is to invest in companies that combine an outstanding business model with strong competitive advantages.Ekahi stays invested for the long – term, preferably for the next generation.Ekahi’s investment philosophy is characterized by consistent application of the principles of value investing, which solid, stable businesses, Internal Compounding by organic or acquired growth, managementwith strong business sense and an owner-mentality and margin of safety. Each acquisition further fuels innovation and application across our industrial sectors. With people, services, technology and scale, Ekahi is able to deliver better outcomes for customers by speaking the language of industry.Ekahi.Group is the trading and registered name of Envesecure, a registered Fund and Family Office.
For more information visit www.ekahi.group

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