Emirates Stallions Group (ESG), an investment, engineering, and construction services business and subsidiary of International Holding Company (IHC), has acquired a substantial amount of shares in two of the UAE indoor spaces design leading companies.
The Group has acquired a 60 percent stake in Vision Factory, one of the biggest furniture and joinery production facilities in the UAE and a 45 percent stake in Decovision, a quality interior design and engineering services provider.
Vision Furniture and Decoration Factory, founded in 2003, operates a 24,000 square meters facility in Abu Dhabi, employing over 550 skilled workers. The business has recently expanded through the addition of upholstery production.
Decovision is firmly established for 19 years to meet the fast-growing demand for professional interior solutions, with a strong focus on engineering and project execution. The company has over 60 distinguished engineers and operates a state-of-the-art factory in Mussafah in Abu Dhabi.
“These acquisitions come as part of our effort to continue expanding ESG’s revenues beyond engineering and construction. The indoor spaces design and product manufacturing will play a significant step in our growth strategy while revolutionizing the design experience in the local market. Given the global supply challenges, domestic products are in higher demand than ever. We see a strategic market growth move with the acquisition of two leading brands, Decovision and Vision Factory, which will create a comprehensive quality solution for designs and furnishings that is inclusive and accessible to the local market.”
The two acquisitions maintain the significant growth momentum of Emirates Stallions Group, which is now active in 12 markets, providing engineering, construction, development, and real estate management services. The company, which was established in 2006, was listed on the ADX Growth Market in late 2020 with assets of over $136 million.