Riyadh - Sharikat Mubasher: Nesma & Partners Company, a leading provider of integrated project solutions in Saudi Arabia, completed the acquisition of Al Yusr Industrial Contracting Company (AYTB), in a bid to enhance its capabilities across the energy, infrastructure, and industrial sectors, aligning with Vision 2030.
This acquisition will enhance both companies’ capacity to offer high-value project solutions, including consulting, engineering, construction, commissioning, operations, maintenance, and upgrades, Nesma & Partners revealed in a recent statement.
AYTB will operate as an independent company within the Nesma & Partners group, maintaining its organizational structure. As part of this transition, Cristiano Tortelli has been appointed as Chief Executive Officer of AYTB, bringing more than 30 years of global experience in energy and industrial services to support AYTB’s next phase of growth.
Commenting on this milestone, Tortelli said: “Together with the leadership team and the skilled workforce across AYTB, we will strengthen what has already been built, grow with confidence, and deliver sustainable value to our clients and stakeholders.”
for his part, Samer Abdul Samad, Chief Executive Officer of Nesma & Partners and newly appointed Chairman of AYTB, stated: “We are proud to welcome AYTB into the Nesma & Partners family. AYTB has built a remarkable legacy of performance, particularly in Operations & Maintenance and Plant Industrial Services. This partnership is based on mutual respect, complementary strengths, and a shared commitment to operational excellence.”
AYTB is a leading multi-disciplinary industrial contracting company providing comprehensive services and solutions to oil & gas, petrochemical, power generation, and other major industrial sectors of Saudi Arabia.
