Kirloskar Pneumatic to Acquire Majority Stake in S&C India

Pune-based Kirloskar Pneumatic Company Ltd (KPCL) has signed an MoU to acquire a majority stake in Systems & Components India Private Ltd (S&C). The transaction, expected to finalize within three months, will enable KPCL to expand its business and enter related segments. Details of the deal remain undisclosed.

Pune-based Kirloskar Pneumatic Company Ltd (KPCL) has announced its plan to acquire a majority stake in Systems & Components India Private Ltd (S&C).

The company has signed a Memorandum of Understanding (MoU) for this acquisition, which is expected to be completed within the next three months, pending due diligence and closing adjustments. Specific financial details of the deal have not been disclosed.

The acquisition aims to enhance KPCL's standing in the air, refrigeration, and gas compressor industry, and will allow the company to diversify into related segments.