SINGAPORE-- November 08, 2021 -- 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.

Founded in 1991 in Singapore, the CR Asia Group today serves customers in 18 Asian countries from its permanent bases in Singapore, Thailand, India, and Malaysia. These customers own plants and facilities used in processing energy and chemicals used in manufacturing plastics, textiles, cosmetics, electronics, paints, and packaging products. The CR Asia Group is well known in charging and discharging mission-critical catalysts, which are the core reactors used in energy refining, chemicals & fertilizers, and other heavy industrial processing facilities. The CR Asia Group also provides other services including equipment & plant maintenance, pipeline & process services, shutdowns & turnarounds, as well as engineering, procurement, and construction (EPC) services.

Kyle Shaw, Founder and Managing Partner of ShawKwei, said, “the CR Asia Group has a reputation for excellence in energy engineering solutions across Asia and is well positioned for the energy transition to a lower carbon economy. The CR Asia Group is supported by loyal employees, long term customer relationships, and an extensive network of technical partners. We are excited to partner with the entire the CR Asia Group team and invest in organizational, operational, and automation technology initiatives to capitalize on the lower carbon shift.”

Mark Stansfield, Managing Director of the CR Asia Group, said, “Our management team welcomes ShawKwei as we further help our customers in lowering carbon emissions while also maintaining the security of energy, food, and industrial supply chains. As 2021 marks the 30th anniversary of the CR Asia Group, we reflect back with pride at our past achievements and we look forward with confidence in contributing to de-carbonization and enhancing energy efficiency for our customers.”