Investcorp’s portfolio firm acquires majority stake in Omani company
Investcorp’s portfolio company, NDT Corrosion Control Services Co. (NDT CCS), on Sunday announced the acquisition of a majority stake in Hi-Tech Inspection Services, Oman’s largest provider of industrial non-destructive testing (NDT) and inspection services. Hi-Tech’s founders, Al Sulaimi Group Holding, established the company in 1996. Hi-Tech offers a complete range of non-destructive testing, post-weld heat treatment and specialised inspection services to clients in Oman engaged in oil and gas, manufacturing and construction sectors and has an estimated market share of over 35 per cent in Oman.
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