Strata Systems Announces Partial Acquisition of Equity in Geo Solucões - Offshore Technology | Oil and Gas News and Market Analysis
Join Our Newsletter - Get important industry news and analysis sent to your inbox – sign up to our e-Newsletter here

Strata Systems Announces Partial Acquisition of Equity in Geo Solucões

Strata Systems, Inc, a Glen Raven company and manufacturer and marketer of soil reinforcement products, has announced its acquisition of 50% of the equity in Geo Solucões Ltd of Brazil.

With offices in Sao Paulo and Rio de Janeiro, Geo Solucões is a geotechnical solutions company that designs and builds advanced soil reinforcement structures, including retaining walls, soil nailing, slope protection and foundation piling systems. The partnership with the South American Company is designed to capitalise on the area’s planned growth in infrastructure, including its participation in the 2014 World Cup and 2016 Olympic Games. Ultimately, the venture will offer a full range of Strata-branded geosynthetics for distribution throughout Brazil. Strata will also explore opportunities to introduce other successful Glen Raven products into South America.

Strata president Chip Fuller says: "The partnership with Geo Solucões fits perfectly with Strata’s mission. Both companies are dedicated to creating innovative soil reinforcement solutions and products. Additionally, the skill sets and management team of Geo Solucões gives a great boost to Strata’s global expansion plan."

The venture continues Strata’s worldwide growth and augments the success of its other joint venture company, Strata Geosystems India, Pvt Ltd, located in Mumbai, India.

The new affiliation will also be reflected in the name of the Brazil-based company, which has changed to Geo Solucões, a Strata Company.

More About This Company