Acquisition of 100% stake in Edward Farr Architects, Inc by Telge Projects Inc, a Subsidiary Company.
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Telge Projects Ltd announced that its subsidiary, Telge Projects Inc., will acquire 100% of the share capital of Edward Farr Architects, Inc. (EFA Inc.), a US-based architecture firm incorporated in 1991 and based in Minnesota. The deal is valued at USD 190,000, payable in cash, and is expected to be completed by March 31, 2026. No government or regulatory approvals are needed, and the transaction is not a related party deal. EFA Inc reported turnover of USD 1.64 million in 2025, USD 0.92 million in 2024, and USD 1.02 million in 2023. The acquisition marks Telge Projects' entry into the US architecture and planning services market.
This is a small bolt-on acquisition (USD 190,000) for Telge Projects, providing a US foothold in specialised architecture services. While it diversifies geographic presence, the deal size is modest relative to the company's scale and unlikely to move the stock materially, though it may signal overseas expansion intent.