Fountain Technologies Ltd (FTL) has inked a deal with Ferri Group, a Luxembourg-based energy installations company, which will see the companies jointly bid and tender for big ticket industrial and electrical projects.
FTL said the alliance will enable them to jointly pursue and develop energy infrastructure projects in the region.
“Through this alliance, we intend to capitalise on existing sales networks and marketing for the distribution of Ferri Group and FTL product lines, as well as increase access to international lines of credit with reputable, global financial services providers,” said Maurice Korir, the investment group FEP Holdings chief executive officer.
FTL is a subsidiary of FEP. This will be done under a profit-share agreement on a project-by-project basis for any amounts up to $100 million (Sh10.3 billion) per transaction, with an option for Ferri Group to acquire minority equity stake of about 30 per cent in FTL within two years.
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