An Indian waste management company has made an acquisition in Australia just months after putting off a $217 million initial public offering.

INDIA'S Ramky Enviro Engineers has agreed to buy out Australian environmental engineering and petrochemical services provider Enviropacific Services. Ramky Enviro Engineers's chief executive, Swee O Goh says: “Enviropacific provides Ramky Environment with a strong Australian platform to drive substantial growth in both Australia and internationally in key regions including greater China, India, Singapore, ASEAN and the Middle East, where strong demand exists for the high-quality and environmentally sound services provided by Enviropacific.”

With an oversupply of qualified engineers in India and a shortage in Australia, it makes sense there will be some spill-over. In this acquisition both parties appear to benefit, Enviropacific's executive director and co-founder, Matt Fensom saying, “this is a great opportunity for Enviropacific to leverage off Ramky to achieve our significant growth aspirations across an international playground.”

The Australian environmental engineers will reportedly see a boost to their bottom-line too; revenue has been projected to grow more than 40 per cent from its fiscal 2013 base of $67 million, with a proportion of fiscal 2014 contracts already awarded.

Some of Ramky’s big name clients include Shell, Boral, Orica and ExxonMobil.