ADES International Holdings Ltd (LON:ADES) has unveiled a project to integrate its recent acquisitions in a move to improve value delivery.
The firm, which provides drilling and production services to the oil & gas sector in the Middle East and North Africa, said the project will run through 2019 and respect all existing client commitments, with strong governance installed for guidance and to minimise the impact on daily operations.
The Boston Consulting Group, which the firm said had “deep expertise in integration programs” in the sector, will support the project.
Dr Mohamed Farouk, chief executive of ADES, said the acquisitions had allowed the firm to “add strong client relationships, assets and teams” to its portfolio, adding that he believed the project could be rolled out with “minimal impact on daily operations”.
In lunchtime trading Thursday, ADES shares were at 13.2p.