TUNISIA – Tuninvest Sicar, a multi-sector fund managed by Africinvest Group, has sold its 30% stake in Hydrosol Fondations, a Tunisian geotechnical and foundation engineering company, to Ginger Group, a French prescription engineering company.
Established 30 years ago, the company based in Tunis with 180 employees, is specialized in the survey and identification of the mechanical qualities of soils, foundation works, special reinforcement works, execution of improvement projects and soil treatment.
Beyond the field of building construction, its teams are involved in most large-scale projects in Tunisia such as port infrastructure, engineering structures, dams or road infrastructure.
“I am happy that our exit allows to conclude this partnership between two reference groups in their respective domains and markets, culturally very close and perfectly complementary. It opens up prospects for growth and value creation in the next years”, said Aziz Mebarek, Africinvest Co-founder.
“Our fruitful collaboration on African projects has enabled this complete association within the Ginger group.”Philippe Margarit – CEO, Ginger Group
Hydrosol Fondations team participates in a large and diversified range of construction projects, from office and housing to big infrastructure equipments like ports, dams or bridges.
“We know the great skills and reputation of Hydrosol Fondations. Our fruitful collaboration on African projects has enabled this complete association within the Ginger group”, said Philippe Margarit, Ginger Group CEO.
Hydrosol Fondations is also present in Algeria (Algiers) with its subsidiary Sol & Fondations and in Côte d’Ivoire (Abidjan) with its subsidiary Hydrosol Afrique. Ginger thus strengthens its presence in North Africa where it is already present in Algeria and Morocco and completes its network in French-speaking West Africa.
“I’m delighted to the progress made by Hydrosol Fondations. Integration into the Ginger group offers new international prospects and new activities on the Tunisian market”, Slaheddine Haffoudhi, Hydrosol Fondations Chairman and CEO.
Ginger specializes in soil, water, material and environmental engineering, secures projects and structures, optimizes their sustainability and incorporates them into their environmental setting.
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