a TIG Holding Company

History

History

ADEAREST was the first company to be established in the group in 1969. It was founded by Mr. Moussa Taha and grew into the leading company in industrial refrigeration in the MENA region.

More companies were set up by Nizar, Walid and Khaled Taha; sons of the original founder of ADEAREST. These companies focus on electromechanical businesses which compliment the original industrial refrigeration business.

In 2006, it was decided by the current shareholders to rationalize the organisational setup by establishing Taha Investment Group (TIG) Ltd. During the same year, TIG joined with the GEA Group Aktiengesellschaft from Germany to form the joint venture company GRADE Grasso-Adearest Limited which, in a short period of time, went on to become the leading force in the industrial refrigeration business in the MENA region.

Furthermore, manufacturing facilities were set up to produce insulated panels, switch gear and pressure vessels adding to the success of the original businesses and creating synergy within group companies.

Further developments, investments and growth are foreseen in the MENA region and Europe under the name of the Holding (TIG) and via our European investment arm TIG INVEST Europe GmbH which is based in Hamburg, Germany.