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Ramboll eyes inorganic growth
Danish engineering, design and consultancy company, Ramboll, is adopting the inorganic route for growth as it looks to acquire companies that would complement and strengthen its existing portfolio of services.
Hyderabad: Danish engineering, design and consultancy company, Ramboll, is adopting the inorganic route for growth as it looks to acquire companies that would complement and strengthen its existing portfolio of services.
“The focus will be on the transportation and buildings sector. We will look at companies of all sizes,” Pawan Maini, Managing Director of Ramboll India, told reporters here on Wednesday. He, however, declined to draw any time line for closing the buyout deals.
Ramboll, which entered India 18 years ago, has ever since grown organically and inorganically by acquiring companies like Whitbybird, IMIsoft and Gifford.
Announcing the launch of Ramboll’s 160-seat engineering centre in Hyderabad, Soren Holm Johansen, Group Executive Director (markets and global practices), said India was a key market for Ramboll and hence would continue to make strategic technological infrastructure investments and pick up top engineering talent here.
“Last year was a very good year of progress for Ramboll in India. We are bullish on this market and are confident of achieving the Rs 250-crore revenue mark by 2018, from last year’s Rs 160 crore,” Maini said, adding that the company currently had an orderbook of Rs 70 crore, to be executed in the next four-and-a-half months.
“We invest what we have earned from India for future growth,” Johansen said. The Euro 1.4-billion (approximately Rs 10,542 crore) company operates more than 300 offices in 35 countries. It employs over 13,000 experts globally, of which 800 work out of its India offices in Hyderabad, Gurgaon, Mumbai, Chennai and Bengaluru.
The new Hyderabad office will focus on tower engineering, which involves the analysis and design of masts, towers and monopoles, in addition to tower marketing and technical support, manufacture and sale of towers. “Besides catering to the India market, the Hyderabad office will support our global operations, particularly telecom,” Johansen said.
According to Pankaj Sachdeva, Director (telecom), Ramboll India, while telecom contributes 60 per cent to the company’s India revenues, transport accounts for about 20 per cent. “We do expect growth across all the sectors, though the percentage might vary, going forward,” he added.
