Ramky completes major acquisition in Singapore
Ramky Enviro Engineers Ltd has completed the acquisition of the commercial cleaning, conservancy services, and car park management units from Sembcorp Environment Pte. Ltd in Singapore through its fully-owned subsidiary Ramky Cleantech Services Pte Ltd.
The three businesses were formerly operating under the Cleantech brand prior to them being acquired by Sembcorp Environment Pte Ltd from the Housing and Development Board of Singapore (HDB). The commercial cleaning unit provides services to various commercial properties including pest control services, odour removal systems, waste collection to bin centers among other activities. Conservancy services are rendered to HDB townships managed by town councils and the services include pest control, removal of refuse/ waste collection to bin centers, and thermal defogging of drains among other activities.
Car park management services are provided to commercial and HDB car parks, and include planning, designing, installing, commissioning and managing of car parks in a highly technology driven business. Ramky Cleantech’s business in Singapore renders services to prestigious institutions in Singapore including Changi Airport, the Housing Development Board of Singapore, and the National University of Singapore among many other premium institutions.
Speaking on the occasion Mr. Ayodhya Rami Reddy, Chairman of Ramky Group indicated that the completion of this acquisition marks significant entry for Ramky into the international arena. Currently the division has revenue in excess of S$ 50 Million per year and creates access into environment and waste management business in Singapore and South East Asia with a market potential in excess of S$ 5 Billion.
Sembcorp and Ramky are partners in Indian medical waste business and hence there was adequate comfort in the process of acquisition. Ramky shall continue to look for expansions in the field of environment and waste management in the region and shall continue to provide high quality waste management services.
About the Ramky group: It is a professional organization focused in the areas of civil, environmental and waste management infrastructure. With corporate office at Hyderabad and regional offices located at Delhi, Mumbai, Ahmedabad, Bangalore, Chennai, Bhopal and Kolkatta and over 50 project offices Ramky today has a pan-India presence. To expand its service base Ramky has opened its office at SAIF Zone, Sharjah and at Singapore.
The group has had a rapid growth over the last 15 years and is today handling works worth over Rs. 12000 Crores (~S$ 4 Bn). The group employs over 3000 persons of which about 800 are technical. Various division and companies within the group are professionally managed. The group has equity participation from reputed national and international institutions.