Abu Dhabi – Mubasher: Emirates Stallions Group (ESG) has acquired a 60% stake in Vision Factory and a 45% stake in Decovision, two of the UAE indoor spaces design leading companies.
The transaction will further expand ESG's business into indoor spaces design and product manufacturing, Emirates News Agency (WAM) reported on Tuesday.
Vision Factory is one of the biggest furniture and joinery production facility in the UAE, and Decovision is a quality interior design and engineering services provider.
Chairman of ESG, Matar Suhail Ali Al Yabhouni Aldhaheri, said, "These acquisitions come as part of our effort to continue expanding ESG revenues beyond engineering and construction."
"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," Aldhaheri added.
Established in 2006, ESG was listed on the Abu Dhabi Securities Exchange (ADX) Growth Market in late 2020 with assets of more than AED 500 million. ESG is a subsidiary of International Holding Company (IHC).
