# Infra.Market to acquire 92% stake in Strata Geosystems for Rs 910 crore

Infra.Market will acquire approximately 92% stake in Strata Geosystems India from Glen Raven Technical Fabrics at an enterprise value of Rs 910 crore, aiming for category leadership in geosynthetic manufacturing.

- Type: Acquisition
- Announced: 2023-06-26
- Where: India
- Value: $110.0M (9.10B INR)
- Status: announced
- Products: geosynthetics, soil reinforcement technology
- Sectors: [Industrial Textiles](https://endata.com/sectors/industrial-textiles.md), [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [Glen Raven Technical Fabrics](https://endata.com/companies/32810.md) (partner)
- [Infra.Market](https://endata.com/companies/71081.md) (acquirer)
- [Strata Geosystems India](https://endata.com/companies/71082.md) (target)

## Sources

- [business-standard.com](https://www.business-standard.com/companies/news/infra-market-to-acquire-92-stake-in-strata-geosystems-at-rs-910-cr-123062600510_1.html), 2023-06-26: "Through this acquisition, Infra.Market eyes category leadership in geosynthetic manufacturing and geotechnical engineering."
- [indiantextilemagazine.in](https://www.indiantextilemagazine.in/infra-market-to-acquire-majority-ownership-in-strata-geosystems/), 2023-06-27: "We at Infra.Market are attempting to build India's largest multi-product construction material offering not only in India but globally."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.