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CAE signs a Joint Venture Agreement with the Spanish Abantia

Abantia Project - CEMEX 2006 - Control and automation system in a Cement Plant in Alcanar, Spain

Abantia Project - CEMEX 2006 - Control and automation system in a Cement Plant in Alcanar, Spain

On March 22nd of 2010 CAE and Abantia signed a Joint Venture agreement to offer Mechanical, Electrical and Plumbing (MEP) services in the GCC.

Established in 1944 and privately held, Abantia is one of the leading Spanish technical service providers of electrical and mechanical engineering, information & communication technology, construction and maintenance services.

The main target for CAE-Abantia JV are real estate sector, including residential, hospitality, healthcare, government, semi-government, armed, police forces and infrastructure sector, including transportation, IT. The Joint Venture will also be involved in projects for industrial buildings, such as plants, factories, workshops, etc.

The JV offers services of Mechanical Assembly – fluids & gas piping, HVAC, fire fighting, sewage ,etc.; Electrical & Power systems – cable works (LV/MV/HV), power installation, distribution boards, lighting systems, earthing systems, lightning protection system; Instrumentation, Control systems, Telecommunications & Low Current Systems.

The plan in 2011 is to ensure that the company is fully mobilized and operational with a turnover of 10Million EUR.