Asian Energy Services Ltd Share Price – NSE /  BSE

Crude Oil & Natural Gas, Small Cap

The acquisition is expected to be completed within the next two months, following which Asian Energy will acquire Kuiper Group along with its global management team and normalized working capital. The acquisition will be funded through a combination of internal accruals and debt.

Kuiper Group is a globally recognized provider of comprehensive and integrated manpower solutions, specifically tailored for the energy sector across the Middle East and Southeast Asia. The Kuiper Group has recorded revenue of $68 million in year ending December 2024 and is a profitable business. The acquisition of Kuiper Group is a strategic initiative by Asian Energy Services to expand its services offering of integrated operations and maintenance (O&M) across the Middle East and Southeast Asian countries leveraging Kuiper?s presence.

Kuiper has well-established presence in energy-rich nations such as Saudi Arabia, Qatar and the UAE. This positions Asian Energy Services to scale its operations, access this larger addressable market, and support its long-term growth ambitions.

Kapil Garg, managing director, Asian Energy Services, said: ?The acquisition of Kuiper Group marks a pivotal milestone in Asian Energy Services? journey to expand its footprint across key energy markets in the Middle East and Southeast Asia.

This strategic move enables us to participate more actively in global energy projects and establish a scalable, future-ready platform for long-term growth.

Kuiper Group?s strong presence in these regions will serve as a foundation for Asian Energy to broaden its integrated O&M services offering. We also aim to support and grow Kuiper?s existing business.?

Asian Energy Services (AESL) offers end-to-end services which extend across the entire upstream value chain. AESL?s service offerings comprises integrated oil & gas services including 2D and 3D seismic geographical data acquisition, operations and maintenance of onshore and offshore oil and gas production facilities, production enhancement services and mining services including supply and installation of material handling plants and rapid loading systems.

The scrip fell 1.48% to currently trade at Rs 316.70 on the BSE.

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Asian Oilfield & Energy Services DMCC (Dubai) (Asian DMCC), a wholly owned subsidiary of Asian Energy Services, has entered into Share Purchase Agreement (SPA) on 18 April 2025 with Offshore Logistics Services Holdings (Seller), a company incorporated in the Cayman Islands with registration number 267213, to acquire 100% of the share capital of Kuiper Holdings ( Abu Dhabi Global Market, UAE ) (KHL) and Kuiper Group ( Cayman Islands) (KGL) (Kuiper Group). Upon completion of the aforesaid transfer of shares, KHL and KGL would become wholly owned subsidiaries of Asian DMCC and wholly owned stepdown subsidiaries of the Company.

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Net profit of Asian Energy Services declined 35.87% to Rs 8.26 crore in the quarter ended December 2024 as against Rs 12.88 crore during the previous quarter ended December 2023. Sales declined 3.31% to Rs 91.69 crore in the quarter ended December 2024 as against Rs 94.83 crore during the previous quarter ended December 2023.

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Asian Oilfield & Energy Services DMCC (Dubai) (Asian DMCC), a wholly owned subsidiary of Asian Energy Services, has entered into Share Purchase Agreement (SPA) on 18 April 2025 with Offshore Logistics Services Holdings (Seller), a company incorporated in the Cayman Islands with registration number 267213, to acquire 100% of the share capital of Kuiper Holdings ( Abu Dhabi Global Market, UAE ) (KHL) and Kuiper Group ( Cayman Islands) (KGL) (Kuiper Group). Upon completion of the aforesaid transfer of shares, KHL and KGL would become wholly owned subsidiaries of Asian DMCC and wholly owned stepdown subsidiaries of the Company.

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Net profit of Asian Energy Services declined 35.87% to Rs 8.26 crore in the quarter ended December 2024 as against Rs 12.88 crore during the previous quarter ended December 2023. Sales declined 3.31% to Rs 91.69 crore in the quarter ended December 2024 as against Rs 94.83 crore during the previous quarter ended December 2023.

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Asian Energy Services will hold a meeting of the Board of Directors of the Company on 12 February 2025.

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The acquisition is expected to be completed within the next two months, following which Asian Energy will acquire Kuiper Group along with its global management team and normalized working capital. The acquisition will be funded through a combination of internal accruals and debt.

Kuiper Group is a globally recognized provider of comprehensive and integrated manpower solutions, specifically tailored for the energy sector across the Middle East and Southeast Asia. The Kuiper Group has recorded revenue of $68 million in year ending December 2024 and is a profitable business. The acquisition of Kuiper Group is a strategic initiative by Asian Energy Services to expand its services offering of integrated operations and maintenance (O&M) across the Middle East and Southeast Asian countries leveraging Kuiper?s presence.

Kuiper has well-established presence in energy-rich nations such as Saudi Arabia, Qatar and the UAE. This positions Asian Energy Services to scale its operations, access this larger addressable market, and support its long-term growth ambitions.

Kapil Garg, managing director, Asian Energy Services, said: ?The acquisition of Kuiper Group marks a pivotal milestone in Asian Energy Services? journey to expand its footprint across key energy markets in the Middle East and Southeast Asia.

This strategic move enables us to participate more actively in global energy projects and establish a scalable, future-ready platform for long-term growth.

Kuiper Group?s strong presence in these regions will serve as a foundation for Asian Energy to broaden its integrated O&M services offering. We also aim to support and grow Kuiper?s existing business.?

Asian Energy Services (AESL) offers end-to-end services which extend across the entire upstream value chain. AESL?s service offerings comprises integrated oil & gas services including 2D and 3D seismic geographical data acquisition, operations and maintenance of onshore and offshore oil and gas production facilities, production enhancement services and mining services including supply and installation of material handling plants and rapid loading systems.

The scrip fell 1.48% to currently trade at Rs 316.70 on the BSE.

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Asian Oilfield & Energy Services DMCC (Dubai) (Asian DMCC), a wholly owned subsidiary of Asian Energy Services, has entered into Share Purchase Agreement (SPA) on 18 April 2025 with Offshore Logistics Services Holdings (Seller), a company incorporated in the Cayman Islands with registration number 267213, to acquire 100% of the share capital of Kuiper Holdings ( Abu Dhabi Global Market, UAE ) (KHL) and Kuiper Group ( Cayman Islands) (KGL) (Kuiper Group). Upon completion of the aforesaid transfer of shares, KHL and KGL would become wholly owned subsidiaries of Asian DMCC and wholly owned stepdown subsidiaries of the Company.

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Net profit of Asian Energy Services declined 35.87% to Rs 8.26 crore in the quarter ended December 2024 as against Rs 12.88 crore during the previous quarter ended December 2023. Sales declined 3.31% to Rs 91.69 crore in the quarter ended December 2024 as against Rs 94.83 crore during the previous quarter ended December 2023.

Powered by Capital Market - Live News

Asian Oilfield & Energy Services DMCC (Dubai) (Asian DMCC), a wholly owned subsidiary of Asian Energy Services, has entered into Share Purchase Agreement (SPA) on 18 April 2025 with Offshore Logistics Services Holdings (Seller), a company incorporated in the Cayman Islands with registration number 267213, to acquire 100% of the share capital of Kuiper Holdings ( Abu Dhabi Global Market, UAE ) (KHL) and Kuiper Group ( Cayman Islands) (KGL) (Kuiper Group). Upon completion of the aforesaid transfer of shares, KHL and KGL would become wholly owned subsidiaries of Asian DMCC and wholly owned stepdown subsidiaries of the Company.

Powered by Capital Market - Live News

Net profit of Asian Energy Services declined 35.87% to Rs 8.26 crore in the quarter ended December 2024 as against Rs 12.88 crore during the previous quarter ended December 2023. Sales declined 3.31% to Rs 91.69 crore in the quarter ended December 2024 as against Rs 94.83 crore during the previous quarter ended December 2023.

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Asian Energy Services will hold a meeting of the Board of Directors of the Company on 12 February 2025.

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