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Readymade Steel India to acquire Singapore based foundation engineering company

28 Mar 2012 Evaluate

Readymade Steel India (RMS), a leader in offering product and service solutions for the building and construction industry in the infrastructure space, through its wholly owned subsidiary in Singapore, has entered into a share sale and purchase agreement to acquire substantial majority stake in KH Foges.  The proposed acquisition is significant for RMS considering the robust demand outlook in Singapore and growing demand for ground engineering services in India.

KH Foges is a company incorporated and situated in Singapore and engaged in the specialised business of foundation engineering. KH Foges specializes in bored cast in-place concrete piling and driven (precast RC pile, spun pile, H-Steel pile) piling foundation work, providing complete services encompassing design, supply, construct and project management.

Readymade Steel is primarily in the business of providing ready to use steel for construction activities to the infrastructure industry. Readymade Steel is used in commercial and residential projects and various infrastructure works like the metro/mono-rail, bridges, highways, power plants, etc. Cut and bent steel is used in columns, beams, foundations and slabs.

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