Saudi Arabia-based investment group Energy Capital Group (ECG) has announced the completion of the successful acquisition of Aujan Industrial Solutions (AIS), a leading provider of solutions to the oil & gas, petrochemical, metals & mining and water markets with 30 years of experience and expertise. AIS’ lines of business include Value Added Distribution, Fire and Gas Solutions, Measurement Intelligence and Technology Solutions.
This marks the fourth investment of the fund which announced a first close in Q3 2023. The fund plans a further 4-5 investments within 2024.