Emirates Stallions Group (ESG), an investment, engineering, and construction services business and subsidiary of International Holding Company (IHC), has acquired stake in two of the UAE indoor spaces design leading companies to expand its business further into indoor spaces design and product manufacturing.
The company said it has acquired a 60 percent stake in Vision Factory, one of the biggest furniture and joinery production facility in the UAE.
The company has also taken a 45 percent stake in Decovision, a quality interior design and engineering services provider.
Matar Suhail Ali Al Yabhouni Aldhaheri, Chairman ESG, said, “These acquisitions come as part of our effort to continue expanding ESG revenues beyond engineering and construction. The indoor spaces design and product manufacturing will play a significant step in our growth strategy while revolutionizing the design experience in the local market.”
Vision Furniture and Decoration Factory, founded in 2003, operates a 24,000 square meter facility in Abu Dhabi.
Decovision was established 19 years ago, with a strong focus on engineering and project execution. The company has over 60 engineers and operates a factory in Mussafah in Abu Dhabi.
ESG was established in 2006, was listed on the ADX Growth Market in late 2020 with assets of over AED500 million.