UAE’s leading engineering services provider Sigma Engineering Works has formed a joint venture (JV) with UK-based MNB Precision in order to provide advanced machining, API services, and manufacturing solutions.
According to the statement, the new alliance will boost technical innovation and help to expand local production of both MNB Precision and Sigma Engineering. Further, the joint venture will provide cutting-edge energy solutions, in line with the UAE’s national objective to advance, strengthen, and diversify the local economy.
“The joint venture will allow us to significantly develop the services we can provide to the Middle East region. Because of the distinctive combination of our unique but broad range of services, MNB Precision and Sigma Engineering Works will be able to create an unparalleled service offering in the Energy Market.”
“This JV with MNB enables us to provide better services to our existing customers and attract new ones. In a fast-paced market like the UAE, it is of paramount importance to continuously expand and develop our service offering,” said Mr. Olaf Grimm, General Manager at Sigma Engineering Works.
Sigma Engineering Works is the leading engineering services provider that offers high-level technical services such as fabrication, repair, certification, CNC machining, and API manufacture for the energy sector.
MNB Precision is the leading manufacturer for supplying high complexity, high-value components. These components are primarily for completion and downhole tools serving the upstream sector of the oil and gas industry. Other industries MNB provides precision services include Nuclear, Power Generation, Rail, Automotive, and Aerospace markets.