General

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Acquisition of a significant stake in Pureworld Engineering SRL

31 July 2013

The Unaoil Group is pleased to announce the acquisition of a significant stake in Pureworld Engineering SRL, a Romanian engineering consultancy for the Oil & Gas sector managed by Serban Ionescu. The other shareholder is a Swiss group headed by Max Abitbol who has held senior positions in the energy and engineering sectors for many years, including at ABB and Litwin.

Unaoil sees Pureworld’s engineering expertise as an asset to help the Group execute its projects to international standards. The acquisition will allow both companies to continue providing services with the same level of professionalism and high standards of conduct. Unaoil and Pureworld have worked together successfully in the past and look forward to further developing their relationship and enabling their clients to benefit from their complementary service offerings.