Key Highlights
- SEPC approves acquisition of 90% stake in Avenir International Engineers and Consultants LLC Abu Dhabi.
- Deal valued at around AED 708 million equivalent to approximately ₹1,530 crore.
- Avenir holds an order book of nearly AED 500 million in the MENA region.
- Transaction to be completed within six months subject to approvals.
- Acquisition strengthens SEPC’s entry into global Oil and Gas engineering sector.
SEPC Limited has announced the approval of its Board of Directors to acquire a 90% equity stake in Abu Dhabi-based Avenir International Engineers and Consultants LLC, marking a significant step in the company’s global expansion strategy.
The acquisition is expected to enhance SEPC’s presence in the high-growth Oil and Gas engineering sector, particularly across the Middle East and North Africa region. The company aims to leverage Avenir’s established regional footprint and technical expertise to strengthen its international execution capabilities.
Avenir International Engineers and Consultants LLC, founded in 2007 and headquartered in Abu Dhabi, specializes in Oil and Gas engineering, Front-End Engineering Design, and Project Management Consultancy. The company has a strong order book of approximately AED 500 million and maintains relationships with key clients such as ADNOC and DEWA.
The transaction will be executed through a share swap arrangement, with the deal valued at around AED 708 million, equivalent to approximately ₹1,530 crore. The completion timeline is estimated at six months, subject to necessary approvals from lenders and shareholders.
From a strategic perspective, the acquisition is expected to provide SEPC access to high-margin, technology-driven engineering services while enabling geographic diversification. It will also create a scalable platform for growth in the MENA region and generate operational synergies across engineering, procurement, and project execution.
Financially, Avenir has demonstrated steady growth, reporting revenue of AED 73.93 million in FY24, compared to AED 69.17 million in FY23 and AED 31.91 million in FY22, reflecting a consistent upward trajectory.
SEPC indicated that the transaction is being conducted at arm’s length, with no involvement of promoters or related group entities.
The acquisition represents a strategic transition for SEPC from a domestically focused EPC player to a globally diversified engineering solutions provider. By integrating Avenir’s specialized capabilities, the company aims to unlock new revenue streams, improve margins, and strengthen its position in high-value infrastructure and energy sectors.
SEPC Limited, formerly known as Shriram EPC Limited, operates across water and wastewater, roads, industrial infrastructure, and mining sectors. The company continues to play a significant role in India’s infrastructure development while expanding its global footprint through strategic investments.
In its recent financial performance, SEPC reported consolidated revenue of ₹796.89 crore and a net profit of ₹39.81 crore for the nine months ended December 2025, indicating strong operational momentum.