 "Blue Star buys 51% stake in Oman Electro Mechanical")
Blue Star Limited, India's largest air-conditioning (AC) & commercial refrigeration company, has acquired 51 percent stake in Oman Electro Mechanical Contracting Co LLC (OEMC), a 100-percent step subsidiary of W J Towell & Co LLC. The joint venture entity, called Blue Star Oman Electro-Mechanical Company LLC (Blue Star Oman), will offer mechanical, electrical & plumbing (MEP) contracting services in Oman.
W J Towell & Co, a renowned business group with diversified interests in Oman, has several businesses such as real estate, construction, consumer goods, automotive, engineering and services. The group represents numerous reputed multinational brands in Oman including Nestle, Unilever, British American Tobacco, Reckitt Benckiser, Mazda and Bridgestone, amongst others. OEMC is a well-established MEP contracting company of the group and has executed several prestigious MEP projects under Towell Construction & Co LLC, the Group's general contracting firm
Blue Star is one of India's leading engineering conglomerates with core businesses of air-conditioning, commercial refrigeration, MEP contracting and after-sales service.
Blue Star's international business is currently engaged in the export of AC and refrigeration products to the Middle East, Africa and SAARC regions, and is also making steady progress in the developing African market. The company also runs an international projects business through its joint ventures in Qatar and Malaysia. These focus on HVAC&R and MEP projects for residential, commercial and industrial segments and have well established their presence in the respective countries. The international business is poised to grow multifold through new joint ventures for projects and a wider distribution network for product sales.
The current MEP market in Oman is around $ 350 million and with this joint venture between Blue Star and WJ Towell, Blue Star Oman aims to acquire in excess of 10 percent market share in the next couple of years with a focus on residential, commercial, industrial and infrastructure projects. Blue Star Oman also plans to expand into the after-sales service business in Oman.
“I am confident that this new venture will make deep inroads and create a significant difference to the MEP landscape in Oman,” commented Vir S Advani, executive director & president - Electro Mechanical Projects Business, Blue Star Limited.
W J Towell & Co, a renowned business group with diversified interests in Oman, has several businesses such as real estate, construction, consumer goods, automotive, engineering and services. The group represents numerous reputed multinational brands in Oman including Nestle, Unilever, British American Tobacco, Reckitt Benckiser, Mazda and Bridgestone, amongst others. OEMC is a well-established MEP contracting company of the group and has executed several prestigious MEP projects under Towell Construction & Co LLC, the Group's general contracting firm
Blue Star is one of India's leading engineering conglomerates with core businesses of air-conditioning, commercial refrigeration, MEP contracting and after-sales service.
Blue Star's international business is currently engaged in the export of AC and refrigeration products to the Middle East, Africa and SAARC regions, and is also making steady progress in the developing African market. The company also runs an international projects business through its joint ventures in Qatar and Malaysia. These focus on HVAC&R and MEP projects for residential, commercial and industrial segments and have well established their presence in the respective countries. The international business is poised to grow multifold through new joint ventures for projects and a wider distribution network for product sales.
The current MEP market in Oman is around $ 350 million and with this joint venture between Blue Star and WJ Towell, Blue Star Oman aims to acquire in excess of 10 percent market share in the next couple of years with a focus on residential, commercial, industrial and infrastructure projects. Blue Star Oman also plans to expand into the after-sales service business in Oman.
“I am confident that this new venture will make deep inroads and create a significant difference to the MEP landscape in Oman,” commented Vir S Advani, executive director & president - Electro Mechanical Projects Business, Blue Star Limited.
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