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Ramky Enviro Engineers Limited to acquire companies in Australia & Sweden for $60 million

The Ramky Group was formed in the year 1994-95 and started off in the infrastructure area. The company has since diversified into construction, infrastructure development, waste management, Design-Build-Own-Operate (BOO/BOOT/BOT) Projects, real estate, infrastructure consultancy, finance and investment.

Ramky Enviro Engineers established the first integrated facilities in common hazardous waste management, biomedical waste management and integrated municipal waste management facilities in India.

The company has raised capital from IFC, IL&FS and Sabre Capital and was planning to tap the public market where CRISIL research  had awarded a rating of 3.0/5.0  for the issue.

According to this report, Ramky is now planning  the  acquisition of  two companies – one each in Australia and Sweden – for a total consideration of $60 million (approximately Rs 280 crore).

Ramky Plans Buyouts in Australia, Sweden

Ramky Enviro Engineers Limited, a Hyderabad-based waste management company, will be acquiring two companies – one each in Australia and Sweden – for a total consideration of $60 million (approximately Rs 280 crore), said Ramky Group director M Goutham Reddy.

..“Post the acquisition of the Cleantech business from Singapore-based Sembcorp last year for $60 million, we are continuing to explore more opportunities, mostly international, in the field of environment and waste management. We are in the initial stages right now in terms of the two proposed buyouts,” he told Business Standard on Monday.

..Ramky Enviro has signed an agreement with GE Power and Water, a provider of power generation, waste-water and renewable-energy solutions, under which Ramky will use the latter’s ultra filtration (UF) and membrane bioreactor (MBR) technologies for waste-water treatment and recycling in India’s industrial sector.

Reddy said the company was primarily expecting these acquisitions to add to the sustainability of the business operations by bringing in new technologies to India. “We still have debt-leveraging capacity in the company to fund these acquisitions,” he said, adding that they expect to seal the deals in the next six months.

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