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26-Mar2019

Kalpataru Power Transmission to acquire 85% stake in Linjemontage i Grastorp AB

Kalpataru Power Transmission (KPTL) through its wholly owned subsidiary -- Kalpataru Power Transmission Sweden AB has signed definitive agreement to acquire 85% stake in Linjemontage i Grastorp AB for an enterprise value of $24 million.

With this acquisition, the company to get market access and Qualifications for Nordic countries and Europe where KPTL currently has no presence and low cost India manufacturing base to be used for efficient operations and scale-up market penetration in Europe.

Kalpataru Power Transmission is one of the largest and fastest growing specialized EPC companies in India engaged in power transmission & distribution, oil & gas pipeline, railways, infrastructure development, civil contracting and warehousing & logistics business with a strong international presence in power transmission & distribution.


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