Kosan Crisplant A/S sold to Saudi Arabian Al-Ayuni
Bahrain investment bank Seera has sold Kosan Crisplant to Saudi Arabian Al-Ayuni Investment and Contracting Company.
Kosan Crisplant is the world-leading supplier of equipment for gas bottles and has offices in 17 countries employing more than 500 people.
The company has been in operation since 1951 and has supplied equipment to around 130 countries.
Al-Ayuni is a privately owned contracting company which is primarily engaged in road and construction works in Saudi Arabia.
Al-Ayuni recently acquired a competitor of Kosan Crisplant, the French company Siraga. Al-Ayuni therefore expects large synergy benefits.
Bech-Bruun has assisted Seera and the management of Kosan Crisplant in respect of the sale.