SEPC to Acquire Avenir International Engineers & Consultants LLC for ₹1530 Crore
SEPC Limited's Board approved acquiring Avenir International Engineers & Consultants LLC for ₹1530 Crore via share swap. The deal, subject to lender/shareholder approval, aims to expand SEPC into the global Oil & Gas sector. The acquisition is expected to be completed within six months.
The acquisition of a company with a significant turnover and presence in the Oil & Gas sector, for a substantial amount of ₹1530 Crore, is expected to have a high impact on SEPC Limited's business operations, market position, and financial performance.
The acquisition of Avenir International Engineers and Consultants LLC is a strategic move that will allow SEPC Limited to expand into the global Oil & Gas sector, strengthen its international presence, and diversify its revenue streams. This is a positive development for the company's growth prospects.
SEPC Limited announced today, March 23, 2026, that its Board of Directors has approved the acquisition of Avenir International Engineers and Consultants LLC, based in Abu Dhabi. This acquisition is subject to the necessary approvals from the company's Lenders and Shareholders.
The Target Company, Avenir International Engineers and Consultants LLC, specializes in Oil & Gas Engineering, including FEED and PMC services, with a significant presence in the MENA region. Its turnover in 2024 was AED 73,931,081, equivalent to ₹171.89 Crores. The company was established in 2007 and holds ISO 9001, ISO 14001, and ISO 45001 certifications. It also has an order book exceeding AED 500 million with clients like ADNOC and DEWA.
The acquisition is expected to enable SEPC Limited to expand into the global Oil & Gas sector, strengthen its international presence, and diversify its revenue streams. The consideration for the acquisition will be discharged through a swap of shares, with 90% of AED 708 million, based on IBBI valuation, equivalent to ₹1530 Crores. This acquisition does not fall within related party transactions, and the promoter/promoter group of SEPC Limited have no interest in the target entity.
The acquisition is likely to be completed within a period of six months, pending lender and shareholder approvals. The Board meeting commenced at 2:00 PM (IST) and concluded at 3:40 PM (IST).
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SEPC Limited filed this with the NSE as a statutory disclosure, categorised under acquisition. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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