ShawKwei & Partners acquires the CR Asia Group for US$ 101 million

SINGAPORE, Nov 11 (Bernama-BUSINESS WIRE) — Asian private equity firm ShawKwei & Partners (“ShawKwei”) announces the US$ 101 million acquisition of CR Asia Pte Ltd (Singapore) and all its subsidiaries, together known as the CR Asia Group. With a 30-year history the CR Asia Group is a leading energy engineering solutions business operating across Asia servicing world-class customers such as Shell, Reliance, and Neste. ShawKwei has acquired the CR Asia Group from Joh. Mourik & Co. Holding B.V. of the Netherlands, Arabian Pipeline & Services Co. Ltd. (Anabeeb) of Saudi Arabia, and other minority shareholders.

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