VA Tech Wabag eyes acquisitions

Infrastructure firm, VA Tech Wabag, which got listed on the bourses yesterday, plans to acquire companies across the geographies it is operating in. However, it doesn’t have a particular preference for any geography.

The company is looking at acquiring firms in the technology domain as well as the fastest-growing markets. The company has cash surplus (strategic cash) which it intends to use for acquisitions and also future growth.

Va Tech Wabag currently has 157 technologies, which have been patented and 51 more are under registration.