Officials from ADNOC L&S and ZMI | Image Courtesy: WAM
ADNOC Logistics & Services (ADNOC L&S), the shipping and maritime logistics arm of Abu Dhabi National Oil Company (ADNOC), has successfully closed its acquisition of Zakher Marine International (ZMI), an Abu Dhabi-based owner and operator of offshore support vessels with the world’s largest fleet of self-propelled jack-up barges.
With the acquisition of ZMI, ADNOC L&S extends its regional footprint and creates new opportunities for expansion with an industry-recognized partner, broadening its services to include critical support assets for offshore operations, including ZMI’s maiden offshore renewables project in China.
The acquisition of ZMI is the latest example of ADNOC’s ongoing strategic value creation and growth program.
Further, it underlines the company’s commitment to investment in local partnerships, reinforcing the company’s continued role in creating value for Abu Dhabi and the UAE.
Captain Abdulkareem Al Masabi CEO – ADNOC L&S
“As part of our wider growth strategy, this acquisition allows ADNOC L&S to offer a broader range of services to our customers, unlocking new and attractive revenue opportunities, while leveraging ZMI’s proven track record for operational excellence and commitment to health, safety, and environment. These assets and expertise will open new markets for ADNOC L&S, both locally and internationally, broaden our industry-leading integrated services offering and consolidate our position as the region’s largest integrated logistics provider.”
Mr. Ali El Ali, Chief Executive Officer of ZMI, said that, “We are a UAE company, first and foremost, and have worked with ADNOC for decades to deliver In-Country Value. Together, we cover the entire offshore marine services value chain. This partnership will ultimately allow ZMI to strengthen its position as the global leader of the largest active fleet of offshore jack-up barges and support vessels.”
“Following the completion of the transaction, ZMI will continue operating as a standalone entity under ADNOC L&S, led by Mr. Ali El Ali as CEO,” as per the statement.
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