ENOIA Completes Acquisition of Babcock Borsig Softech Engineering Company in India

DUBAI, UAE, June 18, 2013 — (PRNewswire) —

ENOIA BV (ENOIA), the engineering subsidiary of Future Group Holdings S.A. SPF (FGH), announced today that it has acquired Babcock Borsig Softech Private Limited (BBSPL), headquartered in Chennai, India. BBSPL is a multidisciplinary design and detailed engineering consultancy company, serving Oil & Gas, Process & Power sectors, Offsites and Utilities, Civil & Structural Infrastructure, Manufacturing & Automotive based projects.

"We are pleased to acquire this solid business with a history of good performance. By combining resources and aligning our business model, this acquisition will allow us to further diversify our services and drive greater growth in our engineering business," said George Paidoussis, ENOIA Managing Director.

BBSPL was founded in 2000 as a 100% Export Oriented Unit and currently employs over 100 engineers. The company is located in Chennai, the strategic business hub of Southern India.

"With BBSPL's talented employees and strong engineering capabilities this acquisition is in line with ENOIA strategy to develop international centers of excellence in high end engineering services and thereby meeting the needs of its customers through technical capabilities coupled with competent leadership," concluded Paidoussis.

About ENOIA BV

ENOIA, established in 2008, employs approximately 180 professionals and provides pipe stress and surge analysis, as well as complete engineering design and consultancy services to the Oil & Gas, Petrochemical, Power/Desalination, Water, and other industries. Headquartered in Hardenberg, the Netherlands, ENOIA operates through its three subsidiaries, Dynaflow International Inc. (UAE), ENOIA SA (Greece) and CEB Utilities (Egypt). ENOIA's clientele include reputed international EPCs and owners/operators.

About Future Group Holdings SA SPF

Founded in 1982, the Future Group Holdings has evolved from a regional business to a global holding company. Employing 5,000 people through 30 companies all over the world: the Future Group Holdings provides unparalleled expertise to diverse fields ranging from industrial, engineering, real estate and construction management to investment planning, philanthropy and infrastructure development.

http://www.futuregroup.com

SOURCE ENOIA BV

Contact:
ENOIA BV
Future Group Holdings - Mariana Missakian, Corporate Communications Director, T: +971-4-3896152, E: Email Contact




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