Infra.Market to acquire 92% stake in Strata Geosystems at Rs 910 cr

Manufacturing unicorn Infra.Market will acquire around 92 per cent stake in geosynthetics company Strata Geosystems India from US-based Glen Raven Technical Fabrics LLC at an enterprise value of Rs 910 crore, a senior company official said on Monday.

Infra.Market co-founder Souvik Sengupta said the deal involved the acquisition of Glen Raven's geosynthetics business through Strata Geosystems.

"We will acquire a 92 per cent stake in Strata Geosynthetics from Glen Raven and through Strata, we will acquire the entire geosynthetics business of Glen Raven," Sengupta said.

Through this acquisition, Infra.Market eyes category leadership in geosynthetic manufacturing and geotechnical engineering.

The acquisition will be done by Infra.Market's parent Hella Infra Market Private Limited.

"We expect to close both deals by July," Sengupta said.

Strata is an early entrant in the technical textile sector in India and has scaled to become a global leader in geosynthetic manufacturing, specialisi