The acquisition covers 100% of the shares in Kuiper Holdings Limited and Kuiper Group Limited, which will now become wholly-owned subsidiaries of Asian Energy Services Limited.

Commenting on the acquisition, Mr. Kapil Garg, Managing Director, Asian Energy Services Limited, said:

“The acquisition of Kuiper Group marks a pivotal milestone in Asian Energy Services’ journey to expand its footprint across key energy markets in the Middle East and Southeast Asia. This strategic move enables us to participate more actively in global energy projects and establish a scalable, future-ready platform for long-term growth. Kuiper Group’s strong presence in these regions will serve as a foundation for Asian Energy to broaden its integrated operations and maintenance (O&M) services offering. We also aim to support and grow Kuiper’s existing business. I warmly welcome Kuiper’s management team and employees to the Asian Energy family and look forward to working together following the completion of the acquisition.”

The acquisition of Kuiper Group marks a pivotal step in Asian Energy Services’ strategy to expand its global footprint in the energy sector. By leveraging Kuiper’s strong presence in the Middle East and Southeast Asia, including energy-rich countries such as Saudi Arabia, Qatar, and the United Arab Emirates (UAE), the acquisition will enable Asian Energy to offer enhanced services in these regions.

The deal aligns with the company’s long-term plan to strengthen its market position and participate more actively in global energy projects. The acquisition of Kuiper Group enhances the company’s integrated service offerings and positions it for future growth, particularly in the Middle East and Southeast Asia.