Patel Engineering acquires Michigan Engineers

Mumbai, Sep 12 (UNI) Patel Engineering (PEL) has acquired a controlling stake in Michigan Engineers (MEPL), a Mumbai-based urban infrastructure company, for an undisclosed sum.

Announcing this in a statement, PEL Managing Director Rupen Patel said: ''The government is planning to spend Rs 63,000 crore over the next five years on urban infrastructure. The acquisition of MEPL provides the perfect platform to leverage joint skills and bid for urban infrastructure and sewerage projects.'' With the acquisition of MEPL, Patel Engineering, a pioneer in microtunelling in India, will provide end-to-end solutions in sewer rehabilitation and urban infrastructure space. For now, the company will focus on the explosive growth in urban infrastructure both in metros and tier II cities.

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