India, Aug. 4 -- Caledonia Investments PLC (CLDN.L) said on Tuesday that it has invested GBP 49.5 million to acquire a 61% majority stake in Conquip Engineering Group Holding Company Limited and provide investment to support growth.
"Caledonia's investment will support Conquip's next phase of growth through continued expansion of its rental fleet, the national rollout of its specialist shoring proposition and further product innovation," the company said.
Founded in 2003, Conquip is a family-owned business led by brothers Daniel and George Critchley, who will continue to lead the company.
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Conquip is a provider of equipment, products, and services to the...