SEPC Limited to Acquire Avenir International Engineers and Consultants LLC
SEPC Limited announced on March 23, 2026, that its Board of Directors approved the acquisition of Avenir International Engineers and Consultants LLC, Abu Dhabi, subject to approval from lenders and shareholders.Avenir International Engineers and Consultants LLC, headquartered in Abu Dhabi, reported a turnover of AED 73,931,081, equivalent to INR 171.89 Crores, in 2024. The company specializes in Oil & Gas Engineering, including FEED (Front-End Engineering Design) and PMC (Project Management Consultancy), with a presence in the MENA region.
The acquisition is expected to enable SEPC Limited to expand into the global Oil & Gas sector, strengthen its international presence, and diversify its revenue streams. The acquisition does not fall within related party transactions, and no promoter group entities have an interest.
The acquisition is anticipated to be completed within six months, pending lender and shareholder approvals. Consideration for the acquisition will be discharged through a swap of shares. SEPC Limited will acquire a 90% stake in Avenir International Engineers and Consultants LLC. The consideration is valued at 90% of AED 708 million, based on an IBBI valuation of INR 1530 Crores.
The target company holds ISO 9001, ISO 14001, and ISO 45001 certifications and is an ADNOC-approved vendor.
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