The last three years have seen HRH Prince Khaled bin Alwaleed bin Talal, founder of KBW Investments, acquire —in short succession— an eclectic portfolio of investments in construction and technology companies from across Europe. The spending spree began in 2014, when in short succession KBW acquired both the 150-year-old Italian tower crane manufacturer Raimondi Cranes, as well as a 50% stake in the Romania’s Arcadia Engineering — a firm poised to expand into the Gulf countries.
Ahmed Alkoshaibi, Group CEO of KBW Investments
In the two years since, KBW has partnered with numerous other consultancy firms, and in June this year, allied itself with French technology firm Ascorel, which specialises in electronic systems designed to enhance the safety and efficiency of heavy equipment operations, and a company with a history of collaboration with Raimondi Cranes.
PMV (Plants, Machinery, Vehicles) September 2016 edition
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