UK based integrated facilities services company OCS Group has acquired majority stake in India’s Absotherm Facility Management..Khaitan & Co advised OCS Group with a team led by Partner Rajat Mukherjee..Vaish Associates advised Absotherm with a team led by Partner Martand Singh..According to VCCircle, OCS has invested about Rs. 125 core ($24.5 million) to pick 51 per cent stake in Absotherm. With this acquisition, OCS intends to strengthen its presence in Asia. Nearly half of its global employee strength is currently drawn from different countries in Asia led by Thailand..Founded 15 years back, Absotherm currently focuses on hard facility management services for HVAC, electricals, electro-mechanical equipments, engineering equipments etc. The company operates in 42 cities through six regional offices essentially servicing clients in the hotels, malls, IT parks and industrial establishments.
UK based integrated facilities services company OCS Group has acquired majority stake in India’s Absotherm Facility Management..Khaitan & Co advised OCS Group with a team led by Partner Rajat Mukherjee..Vaish Associates advised Absotherm with a team led by Partner Martand Singh..According to VCCircle, OCS has invested about Rs. 125 core ($24.5 million) to pick 51 per cent stake in Absotherm. With this acquisition, OCS intends to strengthen its presence in Asia. Nearly half of its global employee strength is currently drawn from different countries in Asia led by Thailand..Founded 15 years back, Absotherm currently focuses on hard facility management services for HVAC, electricals, electro-mechanical equipments, engineering equipments etc. The company operates in 42 cities through six regional offices essentially servicing clients in the hotels, malls, IT parks and industrial establishments.
