Please Fill Up Your Company Details And Your Designation

Update Your Profile
 
Your email ID :  
     
Password :  
     
          
New user? Create an account               Forgot password?
     
 

Content on this page requires a newer version of Adobe Flash Player.

Get Adobe Flash player

Content on this page requires a newer version of Adobe Flash Player.

Get Adobe Flash player

Industrial Products India, Industrial Manufacturers & Suppliers
 




 
   
 
 
 

Elgi Equipments acquires Italian fi

Elgi Equipments acquires Italian firm Rotair

Elgi Equipments, air compressors and automobile service station equipment maker, today said it has acquired 100 per cent stake in Italian firm Rotair.
The buyout will help the Coimbatore-based firm in gaining access to new technologies and product lines, besides getting a strong foothold in markets where Elgi is not currently present, a company release said.
However, the company remained silent over the financial details of the acquisition.
Rotair is engaged in design, manufacture and distribution of a range of compressors and allied products for the construction and industrial sectors.
The acquisition has been done through Elgi's wholly-owned Italian subsidiary, it said, adding the existing management team of Rotair will continue to manage the day-to-day operations.

Commenting on the buyout, Elgi Managing Director Jairam Varadaraj said, "We are delighted with the synergies that the acquisition brings to the table for Elgi. We are also very happy with the continuation of the Rotair promoters in the management as they bring with them years of experience in the compressor industry."

 
     
 
   
      More...
 
 
 
     
 
 
     


 
 
FORUM  
Are Indian Brands
Globally competitive
    
   
 
 
 
 
     
  Lol  
More >>