Monarch Surveyors Acquires Australian Firm GM & FE Ryan for AUD 1.81M

Monarch Surveyors and Engineering Consultants Ltd (BSE: 544453) announced its Board's approval for a binding agreement to acquire 100% equity share capital of GM & FE Ryan Pty Ltd, Australia. GM & FE Ryan operates GMR Engineering Services, an established engineering consulting and land surveying firm in Victoria, Australia, with over two decades of operating history. The acquisition, valued at approximately AUD 1.81 million, is subject to due diligence and regulatory approvals and is expected to be completed by May 2026. This strategic move marks Monarch's first international expansion, providing entry into the Australian market, access to established client relationships, government procurement panels, and diversified revenue streams. The target company's services align with Monarch's core business, offering synergies in technology and execution capabilities.