Announced
Financials
Sources
Tags
Acquisition
Specialty Contracting
Majority
India
Domestic
soil reinforcement
Friendly
geotechnical engineering
Pending
Private
Single Bidder
Synopsis
Infra.Market, a building materials & construction materials supplier, agreed to acquire a 92% stake in Strata Geosystems, a provider of geotechnical engineering solutions, for $111m. Strata Geosystems specializes in reinforcing landfills, increasing load-bearing capacity of soils and earth, and preventing soil erosion. The incorporation of these geosynthetic solutions into Infra.Market’s portfolio would enhance its ability to provide comprehensive construction solutions to its customers, the company said in a press release.
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