Monarch Surveyors Announces Strategic Acquisition of GM & FE Ryan

Monarch Surveyors and Engineering Consultants Limited (BSE: 544453), engaged in civil infrastructure consulting services, has announced that its Board of Directors has approved the execution of a binding agreement for the acquisition of 100% equity share capital of GM & FE Ryan Pty Ltd, Australia, subject to completion of due diligence and regulatory approvals.

GM & FE Ryan Pty Ltd operates the business of GMR Engineering Services, an established engineering consulting and land surveying firm based in Victoria, Australia, with over two decades of operating history. The company offers integrated services across civil & structural engineering, land surveying, GIS, drone/UAV surveying, water engineering and project management.

The proposed acquisition will provide Monarch with a strategic entry into the Australian market and access to established client relationships, government procurement panels and a strong execution platform. The transaction is expected to be completed by May 2026, subject to regulatory approvals and completion of due diligence.

The acquisition will be undertaken for a total consideration of approximately AUD 1.81 million.

Commenting on the development, Mr. Sunil Kokare, Director - Business, Monarch Surveyors and Engineering Consultants Limited, said: "This proposed acquisition marks an important strategic milestone for Monarch as we take our first step towards international expansion. The target entity operates within our core line of business and brings strong capabilities in engineering consulting, land surveying and geospatial services, along with an established presence in the Australian market.

Besides being income accretive, this acquisition will help usleverage synergies in technology, execution capabilities and long-term client relationships, while gaining access to international markets and diversified revenue streams. With a strong operational track record, high client retention and access to government procurement platforms, this acquisition provides a scalable platform for our overseas growth.

We remain focused on expanding our capabilities across infrastructure consultancy and geospatial services, and this development further strengthens our long-term growth strategy while enhancing our global positioning."

Shares of Monarch Surveyors and Engineering Consultants Limited was last trading in BSE at Rs. 215.05 as compared to the previous close of Rs. 209.95. The total number of shares traded during the day was 10800 in over 14 trades.

The stock hit an intraday high of Rs. 220.00 and intraday low of 208.05. The net turnover during the day was Rs. 2311170.00.

Source : Equity Bulls

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MonarchSurveyorsandEngineeringConsultants INE0V0L01028 Acquisition Australia GMandFERyan