Dubai-based Nico International, the ship repair division of Topaz Energy
and Marine SOAG (TEAM), has acquired the Industrial and Marine Engineering Divisions of Fujairah Marine Services & Trading Co LLC (FMS). The acquisition is the first step in a strategic alliance which
will link the two companies and which will seek Nico’s current Port of Fujairah capabilities quadruple in size. To date, Nico International has been operating out of Dubai with a diving base in the Port of Fujairah.