Descon has recently acquired 26% of shares in Plant Design and Project Services (PDPS). PDPS is a South African company providing a comprehensive range of technical, engineering, maintenance and project management services to the power generation, chemical and petrochemical industries.
With the purchase of the shares the PDPS Board will now include two Descon nominees.
Descon and PDPS had successfully completed a project at a Sasol Limited facility in Secunda, South Africa prior to this acquisition, in which 75 Descon personnel were involved.
Speaking of the acquisition, Mr. Faisal Dawood, CEO Descon Engineering Limited said, “Our association with PDPS is the culmination of two years of strategy and effort to enter into the African market. This is an exciting new chapter for us and we are looking forward to continuing our growth. We will bring the same excellent service quality that we are renowned for to our interests here in South Africa.”
Descon Engineering is planning to increase their shareholding in PDPS to 49% and their management intends to visit South Africa later in the year to explore further opportunities in the region.
Anwar Ul Haq, President Maintenance Division, Descon Engineering further added that this acquisition was aligned with their vision to expand Descon’s global presence. “Our belief is that by expanding our services on the world stage, we will not only benefit from a greater market reach but also from the learnings that will be acquired in these new markets.”
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