September 4, 2023
2 mins read

E&V Acquires IMEA Technologies to accelerate growth in the MEA region

Rho-headquartered Eigenmann & Veronelli announces the acquisition of UAE-based IMEA Technologies to accelerate growth in the MEA region

Eigenmann & Veronelli S.p.A., a leading distributor in the specialty chemicals and food ingredients industry, announced that it has acquired 100% of IMEA Technologies FZC, a regional distribution company of specialty chemicals with a focus on the industrial market, based in the United Arab Emirates.

The acquisition represents an excellent fit with E&V’s existing operations and a strategic commercial expansion in the Middle East and Africa region, in addition to the Far East and Indian markets, reinforcing its international footprint to consolidate its compelling portfolio and execute its growth strategy.

IMEA Technologies was founded in 2011, in Sharjah (U.A.E.), and offers a wide range of products, mainly industrial, such as emulsion polymers for industries, paints, plastic, inks, water treatment, sealants & adhesives, oil & gas, and construction, as well as cosmetic & cleaning applications.

Mr Ayoob Chekkintakath, Executive Director of IMEA Technologies, 92nd from left) with the top leadership of E&V after signing the deal

Headquartered in Sharjah, with offices & warehouses in U.A.E., the Company ensures the full coverage of the MEA region in addition to the Far East and Indian markets. In 2022, IMEA Technologies generated revenues of approximately AED 68.5M (ca. EUR 17.7 million).

IMEA Technologies, as part of the E&V Group, will be led by its present management line-up and staff retaining its well-established name.

“In line with our strategic vision to be an established international solutions provider, we are delighted to welcome IMEA Technologies to the E&V Group,” said Gabriele Bonomi, Chief Executive Officer of the E&V Group. “This acquisition strengthens our international footprint and allows us to offer a truly compelling value proposition to both principals and customers.”

 “Becoming part of E&V, a key international market player, marks a milestone in our company’s evolution,” said Ayoob Chekkintakath, Executive Director of IMEA Technologies. “We share a similar vision and culture, and I am confident that IMEA Technologies will continue to thrive as part of the E&V Group, continuing its long-term relationships with key suppliers and customers.”

Eigenmann & Veronelli is an international solutions provider in the specialty chemicals and food ingredients industry with a direct presence in 4 countries and a commercial reach in more than 30. Headquartered in Rho, Milan, Italy, E&V is synonymous with effectiveness and efficiency, combining local market knowledge with international chemical innovations. In 2022 the E&V Group generated a consolidated turnover of EUR 417 M with 340 employees.

IMEA Technologies is a regional distributor of specialty chemicals, specialized in industrial market, such as emulsion polymers for industries, paints, plastic, inks, water treatment, sealants & adhesives, oil & gas, and construction, as well as cosmetics & cleaning applications. Headquartered in Saif Zone, Sharjah (U.A.E.), with offices and warehouses in U.A.E. IMEA Tech. posted a consolidated turnover of EUR 17.7 M in 2022.

Previous Story

Worrisome August: Pakistan’s ‘Terrorism Boom’ Sets Exciting Record

Next Story

African Climate Activists Demand Action at Nairobi Summit

Latest from Arab News

GCC condemns Israeli airstrikes in Syria

GCC SG Jasem Mohamed Albudaiwi affirmed that these airstrikes represent a continuation of efforts by the Israeli occupation forces to undermine and destabilise regional and international security Secretary General of the Gulf

Trump due in Saudi, UAE amid new tariffs

The GCC bloc, which includes the UAE, Saudi Arabia, Oman, Kuwait, Qatar, and Bahrain, has been hit with a 10% tariff, placing them among the lower-tiered rates US President Donald Trump has

Cleveland Clinic, G42 revolutionise healthcare with AI

The collaboration aims to enhance patient care, drive medical innovation, and optimise healthcare operations through AI-powered solutions In a groundbreaking partnership, Cleveland Clinic and Abu Dhabi-based artificial intelligence (AI) leader G42 have

UAE, Egypt Renew Ties

The two leaders exchanged greetings and best wishes for the remainder of the holy month of Ramadan and engaged in cordial conversation reflecting the strength of the close ties between their two

UAE tops UK, US in happiness index 

The UAE remains the happiest country in the Gulf, being the only nation in the region to feature in the top 25. Kuwait ranked 30th, Saudi Arabia 32nd, Oman 52nd, and Bahrain
Go toTop