After 10 months of in depth and patient negotiations we are proud to announce that Kintech Synergy Pvt Ltd of Ahmedabad Gujarat India have purchased a significant stake in Utilligence Ltd.
The structured deal secures additional substantial credit lines to Utilligence Ltd to finance its planned expansion over the next two years. Kintech Synergy have an extensive EPC record within the Indian subcontinent energy generation market and this will enable Utilligence Ltd to leverage both project management and commercial experience on new UK projects planned to commence in 2019. As part of the deal Mr. Agam Shah of Kintech Synergy will be appointed to the board of utilligence Ltd as a Director.
“This is an incredibly important day in the history of Utilligence Ltd – Kintech Synergy are a very similar company to Utilligence Ltd– albeit on a larger scale! – therefore they are an informed investor, who bring a wealth of experience for us to draw upon, and an opportunity to procure from the rapidly expanding Indian and Chinese markets. We are proud to have created a company that has invited such a high-profile International partner. Utilligence Ltd can now build upon its existing reputation and become a leading EPC and O&M player in this new and rapidly developing space.”
Ross Waddington – Managing Director Utilligence Ltd.
“This is a significant day in the history of Kintech Synergy Pvt Ltd. Kintech have procured a significant stake in Utilligence Ltd and ventured into the UK & European market. Utilligence Ltd offers a complete range of electrical engineering and consulting services which brings a wealth of Technical, Regulatory & Operational knowledge and is an elite participator in EPC and Operation & Maintenance arenas.”
Jigar Shah – Managing Director Kintech Synergy PVT Ltd.