REMAZEL Engineeering CEO Giancarlo Gamba announced that the acquisition of 60% of Alpha Company is just the first step towards internationalisation. It all started with the acquisition of 51% of the Singaporean company Credence Offshore and the creation of a Brazilian and a Korean company.
REMAZEL's goal is to expand the business to the Middle East, Mozambique and China by the end of next year, and debut on the stock exchange in the next few years.
Gamba said: "The real value of REMAZEL resides in its high technology value that is now growing and developing towards new frontiers. The market demands energy, and the investments in the oil and gas field are rising; we want to develop our business both in the onshore and offshore division."