In a significant move aimed at bolstering its position in the construction solutions industry, Infra.Market has announced plans to acquire a majority stake in Strata Geosystems India. The deal, valued at approximately $110 million, will see Infra.Market take over over 90% of the company from US-based Glen Raven Technical Fabrics and a group of Indian shareholders. Strata Geosystems India, a joint venture established in 2004, operates in 30 countries and specializes in geosynthetics. The acquisition is expected to further consolidate Infra.Market’s presence in the global market.
Infra.Market, the Mumbai-based construction solutions unicorn, unveiled its plan to acquire a controlling stake in Strata Geosystems India through a statement released on Monday. The majority stake purchase, exceeding 90%, will involve acquiring shares from Glen Raven Technical Fabrics, based in the United States, as well as a consortium of Indian shareholders. However, the current leadership of Strata, CEO Narendra Dalmia and chief development officer Gautam Dalmia, will continue to lead the company’s operations on a global scale.
Strata Geosystems India, founded as a joint venture between Glen Raven and a group of Indian shareholders, has expanded its operations and footprint across 30 countries since its inception. The company specializes in geosynthetics, which play a vital role in infrastructure projects by enhancing soil stabilization, erosion control, and environmental protection. By acquiring Strata Geosystems India, Infra.Market aims to diversify its offerings and strengthen its capabilities in the construction solutions sector.
The acquisition of Strata Geosystems India aligns with Infra.Market’s strategic goals of expanding its presence in the global market and diversifying its product portfolio. The deal includes Strata India acquiring the geosynthetics business of Glen Raven, further enhancing the company’s range of solutions. With this acquisition, Infra.Market intends to leverage Strata’s established presence in multiple countries to fuel its growth trajectory.
Infra.Market’s recent successful funding round has provided the company with a solid financial foundation to pursue strategic acquisitions. Just before the Strata Geosystems India deal, the construction solutions unicorn secured an impressive $150 million in funding from Varde Partners, a US-based alternative investment firm. This infusion of capital will not only facilitate the acquisition but also support Infra.Market’s expansion plans and strengthen its position in the industry.
The acquisition of Strata Geosystems India marks a significant milestone in Infra.Market’s journey to become a dominant player in the construction solutions sector. By incorporating Strata’s expertise in geosynthetics, Infra.Market aims to offer comprehensive solutions to its customers while expanding its market reach globally. The leadership continuity with CEO Narendra Dalmia and chief development officer Gautam Dalmia ensures a seamless transition and the continuation of Strata’s successful operations.
As Infra.Market gains a stronger foothold in the construction solutions industry, the company is likely to explore additional strategic partnerships and acquisitions to further enhance its product portfolio and expand into new markets. The infusion of funds from Varde Partners will provide the necessary impetus for such growth initiatives.
The acquisition of a majority stake in Strata Geosystems India by Infra.Market in a deal valued at approximately $110 million showcases the company’s commitment to solidifying its position in the construction solutions sector. By bringing Strata’s geosynthetics expertise into its fold, Infra.Market is well-positioned to offer comprehensive solutions and expand its global footprint. With the recent funding injection from Varde Partners, Infra.Market is poised for accelerated growth and remains primed to capitalize on emerging opportunities in the industry.
