AfricInvest exits Hydrosol Fondations

09 Nov 2020

Ginger Group, French leader in prescription engineering, announces the acquisition of Hydrosol Fondations, the Tunisian number one in geotechnical and foundation engineering, in which it owned already 30% of the shares.
The company Tuninvest Sicar (Africinvest Group) sells its shares after being a long term and committed shareholder during the development of the company.

The business of Hydrosol Fondations, established 30 years ago, is focused on geotechnical investigations, special foundation engineering and on soil reinforcement work. Drawing on the experience of its 180 employees, the company successfully positioned itself in the Tunisian market as a benchmark in its line of business.
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”, Philippe MARGARIT, Ginger Group CEO.

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.

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”, Aziz Mebarek, Africinvest Co-founder.

Tunis based 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, already established in Algeria and Morocco, is consolidating its presence in French-speaking Africa and is pursuing its development strategy.

« Back to Member News

Counting down 6 days till AVCA's next ESG training session where our facilitators will be touching on social issues… https://t.co/ITgB5bSotS

#AVCAMemberNews: Metier-backed AfricaREN launches construction of Kodeni Power Plant, the largest power plant in Bu… https://t.co/V7zQ1z1BWI

On the #AfriSpective blog, Fazil Hossenkhan, Managing Partner - Mauritius and Nafiisah Jeehoo, Associate, at… https://t.co/c5pSKa4QIv

In @crossboundary's latest report, we discover how to unlock private capital for nature-based solutions, and why na… https://t.co/w2acQcFBzU

As we approach #COP26, @CDCgroup discuss the impact climate change is having on businesses operating in emerging ec… https://t.co/hCfzNwCmR3

;