SEPC Limited has announced that its Board of Directors has approved the acquisition of a 90 percent equity stake in Avenir International Engineers and Consultants LLC. The transaction represents a strategic move to expand SEPC’s global footprint and strengthen its presence in the oil and gas engineering segment, particularly in the Middle East and North Africa region.
Avenir International, headquartered in Abu Dhabi, provides engineering services across oil and gas projects, including front-end engineering design and project management consultancy. The company has built a strong presence in the MENA region, supported by long-standing relationships with major clients such as Abu Dhabi National Oil Company and Dubai Electricity and Water Authority. Its current order book stands at approximately AED 500 million.
The acquisition is expected to enable SEPC to enter the global oil and gas EPC and consulting ecosystem while enhancing its international execution capabilities. The move will also provide access to higher-margin engineering services and create a platform for future growth across international markets.
The transaction will be carried out through a share swap arrangement, with a valuation of approximately 90 percent of AED 708 million, equivalent to around INR 1,530 crore. Completion is expected within six months, subject to necessary approvals from lenders and shareholders.
Founded in 2007, Avenir has established a reputation for delivering engineering solutions aligned with sustainability and efficiency goals. The company holds multiple certifications, including ISO 9001, ISO 14001 and ISO 45001, and is an approved vendor for ADNOC. Its financial performance has shown consistent growth, with revenues increasing over the past three fiscal years.
SEPC Limited, formerly known as Shriram EPC Limited, provides engineering, procurement and construction solutions across sectors such as water management, transportation infrastructure, industrial development and mining. The company serves both central and state government clients and continues to expand its capabilities in executing complex infrastructure projects.
The acquisition marks a shift in SEPC’s strategy toward becoming a globally diversified engineering solutions provider. By integrating Avenir’s expertise with its own project execution strengths, SEPC aims to unlock operational synergies, expand service offerings and strengthen its position in high-value international markets.
