Integrated facilities company OCS Group has bought a majority stake in India’s Absotherm Facility Management.
According to VCCircle, OCS has invested about Rs. 125 core (£15.1) to pick 51 per cent stake in Absotherm.
OCS intends to strengthen its presence in Asia.
Absotherm currently focuses on hard facility management services for HVAC, electricals, electro-mechanical equipments, engineering equipments etc.
The company operates in 42 cities through six regional offices essentially servicing clients in the hotels, malls, IT parks and industrial establishments.