K2 Infragen, an infrastructure and EPC company, has acquired 69.47% stake in its associate company K2 Nextgen Solutions (formerly known as K2 Cloud) to make it a subsidiary entity.
K2 Nextgen Solutions focuses on services in Artificial Intelligence, Machine Learning, Big Data, Cloud Migration, Digital Transformation, and software development. The company has been present in the cloud migration services domain for over the last 4 years and has been developing executional capabilities strategically to embark on a growth journey.
With this acquisition, K2 Infragen aims to enhance its capabilities by integrating technology into all aspects of its operations and promoting a data-first approach in technology-driven areas.
Commenting on this development, Pankaj Sharma, Managing Director of K2 Infragen, said, “Technology is the driving force shaping the future of infrastructure. From smart cities to advanced manufacturing and enhanced security, it lies at the heart of progress. As the need for efficiency, sustainability, and resilience grows, the role of emerging technologies will only become more critical. That’s why we’re excited to announce this acquisition, which aligns with K2 Infragen Ltd’s ambition to focus on technology enablement. It allows us to leverage deep tech innovations, not only creating new revenue streams but also driving technology-led growth. K2 Nextgen Solutions will provide the company with an innovative advantage, allowing us to improve efficiencies and build capabilities across infrastructure operations.”
