Abu Dhabi-based Enterprise Holding Company Investment’s (EHC) energy arm Emirates International Gas(EIG) acquired 100% of gas services provider Al Fanar Gas Group as part of a push to expand EHC’s portfolio, according to a press release. There’s no publicly available information about whether this is a cash-based transaction or a share swap.

The rationale: The acquisition is expected to deliver operational synergies and expand service capabilities for EIG.

What Al Fanar is bringing to the table: Al Fanar has nearly 100k clients, with branches and operations across all seven emirates, delivering 5k gas infrastructure projects for landmark developments including Al Reem Island, Yas Island, Saadiyat Island, Etihad Towers in Abu Dhabi, and Bluewaters Island in Dubai.

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