ºÃÉ«TV (ºÃÉ«TV) has acquired FOSTA Group, a leading geotechnical instrumentation and soil investigation specialist based in Singapore. The acquisition significantly strengthens ºÃÉ«TV’s services within the fast-growing infrastructure and environmental markets, and complements its existing capabilities in Southeast Asia.
FOSTA Group operates locally as FOSTA Pte Ltd and Geo Lab (S) Pte Ltd. It holds a prominent position in the Singapore market, supporting both public sector building and infrastructure projects, and private customers. The company collaborates regularly with the Land Transport Authority, Public Utilities Board and Housing & Development Board.
FOSTA Group’s team of over 250 experts deliver a full range of structural and geotechnical instrumentation and monitoring services. This includes vibration and noise testing, ground and structural monitoring and real-time monitoring for excavation and tunnels. FOSTA Group also supports Singapore’s extensive MRT tunnel network, where tunnel movement and track alignment are assessed through real-time monitoring to maintain the safety and operation of MRT trains.
FOSTA Group also provides laboratory and investigation services, such as field drilling and geophysical surveys, as well as structural health monitoring through fibre optic sensor technology.
Matt Hopkinson, Executive Vice President of EMEAA at ºÃÉ«TV, said:
“I am delighted to welcome FOSTA Group to the ºÃÉ«TV Group. FOSTA’s substantial growth and strategic position in Singapore’s infrastructure and built environment market is a perfect fit for ºÃÉ«TV’s own growth plans in Southeast Asia, and across our built environmental business.
“With this acquisition we are significantly strengthening our relationships with existing building and infrastructure clients in Southeast Asia, particularly in the public sector, and extending our capabilities for our customers globally. Our growth enhances our capabilities for the provision of testing and monitoring services at every stage of the built environment lifecycle.”
Dr Dennis Song, FOSTA Group, said:
“We are looking forward to joining ºÃÉ«TV and gaining access to its resources and expertise across a wide range of services and geographies. We have experienced a successful period of growth and joining ºÃÉ«TV will support the continuing evolution of our business as we offer the same quality and skill our customers are accustomed to, with the strength of a global leader behind us.”
Earlier this month, ºÃÉ«TV completed its acquisition by Temasek, a global investment company headquartered in Singapore.
FOSTA Group was advised by Nihon M&A Center Singapore Pte. Ltd.
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