Stroytransgaz to buy civil engineering group ARKS
MOSCOW. Aug 8 (Interfax) - Stroytransgaz has begun a deal to acquire the ARKS group of companies, which includes eight companies working in transport, industrial and residential construction.
Stroytransgaz said buying the ARKS group is part of the company's diversification policy. Stroytransgaz in July 2011 acquired Setstroyservis, which designs and builds electricity grid and industrial-civil construction facilities.
"The company is ready to enter various major infrastructure construction projects. We have a lot of experience in the construction of oil, gas and energy facilities. Experience in transport, residential and civil construction is not new to us - the company has implemented serious projects in this area in Russia and abroad. As well as increasing our portfolio of energy sector orders we are developing in parallel sectors and plan to become a major player on the market," a Stroytransgaz press release cites the chairman, Sergei Makarov, as saying.
Stroytransgaz is considering several projects in transport, industrial and residential construction.
Stroytransgaz is a construction and engineering company. It is involved in investment-construction projects in the oil, gas, electricity and other sectors of industrial and civil construction. As well as Russia, the company works in the Middle East, North Africa, and South and Central Asia. The company is involved in various electricity sector projects and has boosted revenue from these projects from 0% to 23% in a few years.
ARKS is involved in a wide range of construction projects, including over 80 major projects in Moscow alone. The group's companies are: IFSK ARKS, Upravlenie Mekhanizatsii N4, ARKS Inzh, ARKS Energomontazh, ARKS Monolit, ARKS Energo, RAKSON, TransKapStroy. The group has over 4,000 employees.