Giesse Gulf eyes Iran amidst UAE and Saudi growth
Giesse Gulf officials told Construction Week the combined capacities of both firms will boost its expansion plans for Qatar, Bahrain, and Iran
The acquisition of Giesse Gulf's parent group will expand the window and door specialist's Middle East portfolio, a company official told Construction Week.
The UK's Schlegel announced the acquisition of Italy's Giesse earlier this month.
Giesse is a supplier of aluminium doors and windows, and has worked on projects such as the Arabian Ranches and Palm Jumeirah villa complexes in Dubai, Crystal Plaza in Sharjah, and Princess Noura University in Riyadh.
Simone Sebastiani, business development manager for Giesse Gulf, said the company currently considers the UAE, Saudi Arabia, and Kuwait as its "main markets".
He added: "We are also focusing [on areas] with a high potential in terms of project value, such as Qatar, Bahrain and – even more after the lifting of the international sanctions – Iran."
Sebastiani told Construction Week he expects the Schlegel acquisition to boost Giesse Gulf's realm of work in the region.
"We now have a significant opportunity to develop the two brands alongside each other not only in the GCC area, but in other territories as well," he continued.
"In fact, both companies carry on commercial activities and have local branches worldwide too."
In a statement on Schlegel's website, Peter Santo, the group's CEO, said: "For the moment it is business as usual for both Giesse and Schlegel, but we have strong plans to use our combined strengths to bring all our customers new opportunities in the future."