Wednesday, January 9, 2013
The Medical division of LeanGene for Electronics and Medical Supplies has joined the Alliance Global (AGBL) Group. The shareholders of LeanGene have unanimously voted to accept the merger of LeanGene with the AGBL Group of companies. Under the merger, LeanGene shareholders will receive shares in the AGBL group. Additionally, AGBL Levant (AGBL’s subsidiary office in Jordan) will take over LeanGene’s business in the region. Both LeanGene and AGBL Group have been working closely for 5 years now. The full merger between the two companies crowns the close relationship they have developed over the past years. This merger comes as part of the AGBL group’s plans for expansion with more presence in emerging markets.
“We are very excited about this merger. It gives us a stronger financial backbone and enhances our marketing and technical support and allows us to offer unparalleled service to our customers as well as our suppliers”, says Mr. Atif Aqrabawi (LeanGene’s Chairman) when asked about what will this merger mean to LeanGene’s existing business and customers. Additionally, Eng. Mohamed Abahreh (AGBL Levant’s General Manager and LeanGene’s Board Member) said: “It simply means that LeanGene’s customers will get access to more products and services, better customer service through the wider network of the AGBL Group, while LeanGene’s suppliers will continue to enjoy the growth of their business in the region and have more options to expand it into new markets”, he continued: “We believe this is the right move to make for our customers, our group and our suppliers. It is a win for all parties involved!” The merger transaction is planned to close on December 31st, 2012 and the Group’s technical, operational and commercial teams will take over the management of LeanGene’s business effective as of January 1st, 2013.