Strategic Energy Services International Pte Ltd (SESI) announced today, December 15th, 2013 that it has completed an agreement to sell 100% equity interest to RAE Energy. RAE Energy provides an opportunity to grow the business through strategic financial investments, global scalability and the ability to capitalize on near-neighbor market opportunities.
Ryan N. Fokens, Managing Director of Strategic Energy Services International, stated: “The acquisition of SESI allows us the ability to bundle our custom welding and coating businesses with a comprehensive offering of products and services. It is an excellent product pairing that will allow us to leverage multiple businesses product lines to shorten the supply chain for custom products. We are excited to bring SESI into the RAE Energy group of companies and are looking forward to further expansion and growth. Through continued support of RAE Energy’s leadership and depth of experience, SESI will establish itself as the leader in specialized welding and coating solutions. We will drive new innovations, while delivering the level of service our customers expect, and our management knows how to deliver.”
SESI, a private company, specializes in developing customized, engineered services and solutions.
RAE Energy, a privately owned company, is a diversified industrial global company focused on the Oil & Gas industry. To learn more about RAE Energy, please visit www.rae.com.