Remarkable Innovation

Established more than 30 years ago, the Shoaibi Group has a reputation for engineering excellence and reliability in the oil, gas, power, IT and telecommunications sectors.

The company has offices in Jeddah, Riyadh, and Dammam, Saudi Arabia; Houston, Texas; and London, the United Kingdom.

The Shoaibi Group was considering making a substantial investment to acquire an equity stake in a UK-based technology company that produced equipment for oil and gas operators.

The proposition company held a large number of patents and was in the process of commercialising products arising from this intellectual property.

Remarkable Innovation was engaged to perform an extensive, thorough, and impartial technology due diligence assessment so that the Shoaibi Group could be confident of the viability of their proposed investment.

Please note that, in accordance with a non-disclosure agreement, this case study does not include specific details about technology or other protected information.

In light of the specialist knowledge required to assess the technology under examination, Remarkable Innovation structured its technical due diligence team to include leading industry experts, with a combined 80 years of experience in the very specific area of technology under investigation.

We defined the strategy and objectives for all assessment activities, performed site visits to the proposition company's workshop and test facilities, provided detailed insight into the technology and delivered expert analysis of the findings.

Our assessment included:

• Extensive analysis of the capabilities, shortcomings and commercial potential of the proprietary technologies
• Detailed examination and verification of test data acquired by the proposition company
• Interviews with engineering and management personnel
• Evaluation of R&D processes, failure handling procedures, history of innovation and other relevant technical aspects of the proposition company