Ollen Group advises Advanced World Trading on sale to Aeroseal

Saudi-Arabia based Advanced World Trading has been acquired Aeroseal, in a deal that was advised on by Ollen Group.

Founded in 2010, Advanced World Trading is dedicated to improving the quality of air in residential, commercial and industrial buildings. The company has since its inception grown into a leading player in the Saudi market, with offices in Riyadh, Dammam, Jeddah, and Neom.

For an undisclosed sum, Advanced World Trading has today been acquired by Aeroseal, one of the global leaders in duct and air sealing technologies and building energy efficiency. The move marks Aeroseal’s acquisition into Saudi Arabia, with Advanced World Trading now rebranded as Aeroseal Arabia.

Amit Gupta, CEO of Aeroseal, said the company’s entry into Saudi Arabia is part of its strategy to expand its footprint in high-growth markets. “With its rapidly growing construction sector, ambitious Vision 2030 initiatives, and increasing emphasis on energy efficiency and sustainability, Saudi Arabia represents a pivotal market for Aeroseal. By acquiring Advanced World Trading, Aeroseal, we gain immediate access to an established customer base and local market expertise.”

“Our entry into Saudi Arabia also speaks to our role in Saudi Arabia’s broader journey towards a more sustainable future,” he continued. “We look forward to working closely with local partners and contributing to the Kingdom's ambitious goals. Through Aeroseal Arabia, we are committed to delivering world-class products and services driving meaningful contributions to the communities we serve.”

Fadi Shoura, former CEO of Advanced World Trading and now CEO of Aeroseal Arabia, said the joining of forces with the global player (offices in 28 countries) will enable the company to expand its offerings and invest in further innovations.

“This transition marks a new chapter in our journey highlighting emerging opportunities to leverage Aeroseal’s cutting-edge technologies and global expertise. Our customers in Saudi Arabia can expect the same dedication to quality and service they have come to trust, now enhanced by Aeroseal’s industry-leading solutions,” Shoura stated.

The M&A advisor

During the sale process, Shoura and the company’s leaders and shareholders were advised by Ollen Group, which provided sell-side advisory support throughout the transaction, including market analysis, due diligence, and negotiations.

Headquartered in Dubai, Ollen Group helps clients in a number of industries with strategic, branding and execution services. Oliver Elirani, Managing Partner of the consulting firm, commented: “This partnership is a win-win for both companies and, more importantly, for the communities and businesses they will serve. We are delighted to have played a role in the deal.”

Other sell-side and buy-side dealmakers were at the time of writing not known.