Rama Steel Tubes Ltd

🚀 Rama Steel Tubes Expands Globally with Major Acquisition

- Rama Steel Tubes and RST International Trading FZE jointly acquire 100% of Automech Group for AED 296M (~₹728 Cr).

- RST International takes 78.38% stake (AED 232M), Rama Steel Tubes takes 21.62% (AED 64M).

- Automech operates in steel fabrication, construction, engineering, and infrastructure across UAE, GCC, and Europe.

- Automech’s 2024 turnover: AED 192.30M, with assets worth AED 198.73M.

- Deal includes eight Automech subsidiaries, each specializing in different sectors.

- Expected completion in 5-6 months.