Asian Energy Acquires Kuiper Group to Strengthen Global Energy Services

Asian Energy Services Limited has initiated a significant global expansion move by acquiring 100% equity in Kuiper Holdings Limited and Kuiper Group Limited for $9.25 million. This acquisition was executed through its wholly owned subsidiary, Asian Oilfield & Energy Services DMCC (Dubai), positioning the company to strengthen its service portfolio across international markets.

Acquisition Details

The acquisition agreement was signed on 18th April 2025 with Offshore Logistics Services Holdings Limited, registered in the Cayman Islands. Upon completion, the Kuiper Group entities will become wholly owned subsidiaries of Asian DMCC and step-down subsidiaries of Asian Energy. 

Kuiper Group, with a reported turnover of $68 million in 2024, operates in the manpower solutions segment for the global energy industry. The acquisition, valued at $9.25 million in cash, awaits regulatory approval from the General Authority for Competition in Saudi Arabia and is expected to close within two to three months.

Expansion of Operational Capabilities

This acquisition is aligned with Asian Energy’s long-term strategy to expand its integrated operations and maintenance offerings across the Middle East and Southeast Asia. The Kuiper Group’s established presence in key global energy hubs and its track record with major projects make it a strategic addition to the company’s portfolio. 

There is no related party involvement, and the transaction has been executed at arm’s length, ensuring full regulatory compliance.

Read More: Asian Energy Services To Strengthen Financial Stability: ₹160 Crore Preferential Issue

Asian Energy Services Share Performance 

As of April 21, 2025, 10:30 AM, Asian Energy Services share price is trading at ₹316.35, reflecting a 1.42% drop from the previous closing price. Over the past month, the stock has surged by 11.65%.

Conclusion

The acquisition of the Kuiper Group marks a significant milestone in Asian Energy’s journey towards becoming a global player in the energy services industry. By leveraging Kuiper’s strengths, the company is set to broaden its reach and operational excellence across international markets.

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