Kridhan Infra to acquire 60% stake in Econ GeoTech

Mumbai: Kridhan Infra Ltd (KIL), a Mumbai-based infrastructure solutions provider, will be acquiring 60% stake in Econ GeoTech Pte Ltd, a Singapore-based firm, KIL announced on Thursday. KIL will acquire the stake through its Singapore arm, KH Foges Pte Ltd. The deal value was not disclosed.

Econ GeoTech offers services like soil laboratory testing, instrumentation and monitoring, ground engineering and geotechnical engineering and consultancy.

The acquisition will allow KIL to upgrade its technological know-how and develop its staff competency in geotechnical engineering.

“Soil investigation is an integral part of foundation engineering works and now with Econ’s association with us, we have an in-house team to carry out site investigations which will not only speed up our on-site work but will also enable us to deliver higher quality engineering solutions within the project budget,” said Anil Agarwal, managing director, KIL.