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India’s Rama Steel Limited (RSL) has agreed to acquire Abu Dhabi-based Automech Group Holding Limited for $80.6 million, strengthening its presence in the Middle East and diversifying into a wider range of industrial services. According to a regulatory filing, the deal will give RSL 100 percent ownership of Automech, with completion expected within the next five to six months.
Under the transaction, RSL will secure the assets of all eight operating entities under Automech Group. These subsidiaries are active across steel fabrication, construction and installation, precision engineering, dewatering and land draining, marine engine services, pumps and drainage solutions, energy, engineering and infrastructure-related services.
RSL said the acquisition is a strategic step to expand its geographical footprint beyond India and to tap into growth opportunities in the Gulf region’s infrastructure and industrial projects. By adding Automech’s established clientele and technical capabilities, the company aims to diversify revenue streams, achieve operational synergies and enhance its position in value-added steel and engineering solutions. Management expects the transaction to create long-term value for shareholders by integrating Automech’s specialised services with RSL’s existing steel tubes and related product portfolio.
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