The Transguard Group has acquired Dubai MEP contractor MACAir.
The acquisition comes on the back of Transguard recording an increase in turnover of 57% to US $165 million (AED607 million) and doubling its profit to $20 million (AED75 million), during the last financial year.
Transguard Group CEO Dr Abdulla Al Hashimi commented: “This acquisition forms an integral part of our mid- to long-term strategic business plan. MACAir is a renowned specialist in major design and installation projects and, just as importantly for us, it has the MEP maintenance capability that completes our total facilities management service offering.”
Under the acquisition, MACAir, which turned over $61 million (AED225 million) last year, will become a separate business unit within the Transguard Group, operating alongside its three existing business units: FM Services, Cash Services and Outsourced Services. MACAir will also retain its trading name.
Dr Al Hashimi explained: “We can now confidently bid for turnkey contracts that demand total end-to-end project management."
“Our capabilities now stretch from initial MEP and HVAC design and installation through to the integrated technology to manage the systems, as well as administering comprehensive maintenance contracts,” he added.
MACAir MD Geoff Frost said: “This move will give MACAir the financial and commercial stability, as well as the all-round expertise it requires to grow in stature and further develop existing and potential business avenues.”
Transguard Group’s existing facilities management clients include Dubai International Airport Terminal 3, Atlantis the Palm and Emaar Hospitality, while its airside services division provides a range of support services to the Emirates Airline, including cleaning the new Airbus A380 fleet.