GTL’s Acquisition of Castle Towers (Abraj Al-Qalaa), Iraq

July 23, 2015

Categories: Blog


GTL’s Acquisition of Castle Towers (Abraj Al-Qalaa), Iraq


GTL are pleased to announce the recent acquisition of Castle Towers (Iraq). Castle Towers (Iraq), with offices in Bagdad, Basra and Nasiriyah, Republic of Iraq, is a leading full-service engineering company who offer their expertise to the Oil & Gas, Infrastructure, Construction and Energy sectors within the Republic of Iraq and surrounding countries. The acquisition strengthens GTL’s position in the Republic of Iraq and further enhances its presence in growth markets of the Middle East and Asia.
 

Overview

GTL International LLC – April 20, 2015 – is pleased to

announce the acquisition of Castle Towers (Iraq)

ةماعلا ةراجتلل ةعلقلا جاربا ةكرش,

for an undisclosed share cost in cash and stock.

The acquisition strengthens GTL’s position in the Republic of Iraq and further enhances its established presence in growth markets of the Middle East and Asia.

The acquisition will certainly enhance the Groups presence and provide dedicated service offerings to the region with opportunities for expansion, employment and the training of Iraqi Nationals.

“This is a interesting strategic combination that we believe will benefit our clients, stockholders and employees. Our investment represents an important strategic opportunity to offer Engineering options, consulting and cost savings to our Clients in or working in the Republic of Iraq” Rixon continued, “Our two businesses are complementary, and our cultures are highly compatible. The acquisition also adds to our capacity and geographic presence within the region” said Gavin Rixon, Chief Executive of GTL International LLC.

 

About Castle Towers (Iraq) 

ةماعلا ةراجتلل ةعلقلا جاربا ةكرش,

Castle Towers (Iraq), based in Bagdad, Republic of Iraq, is a leading full-services engineering company who offer their expertise to the Oil & Gas, Infrastructure, Construction and Energy sectors within the Republic of Iraq and the surrounding countries.

Service Offerings

• Construction

• Foundation Engineering

• Helical (screw) Piles

• FEED & PMC/PMC

• Topographic Surveys

• Geotechnical Investigations

• Logistics (15 day import guarantee)

• Professional Procurement Services

• Consultancy

• In-country assistance including visas etc

 

For more information please visit our website

www.aalqalaa.com




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