UAE industrial push drives MKM's acquisition of Raycom Engineering
Raycom manufactures products for applications in the midstream, upstream, and downstream industries
MKM Commercial Holdings has acquired Dubai-based oil and gas engineering company Raycom Engineering Systems in a move to expand its markets and opportunities in the Middle East.
Founded in 2006, Raycom Engineering manufactures of seal and precision engineering products for midstream, upstream, and downstream applications.
Commenting on the acquisition, MKM's managing director, Peter French, said: "With both companies present across a variety of fields, we look forward to shaping the future [...] with the added expertise and resources of Raycom.
"With current government policies encouraging a broader UAE industrial base, we are advancing by including Raycom Engineering under our umbrella and will now have access to high-precision engineering."