Systems and Components India will see a majority acquisition by Kirloskar Pneumatic

In the event that closing modifications and due diligence are completed, the deal is anticipated to be completed within the following three months.A memorandum of understanding (MoU) has been signed by Kirloskar Pneumatic Company Ltd (KPCL), a well-known participant in the air, refrigeration, and gas compressor industries, to purchase a controlling stake in Systems and Components India Private Ltd (S&C). As a result of this calculated maneuver, KPCL will control over 51% of S&C.With over 700 installations throughout India, The S&C is a seasoned player in the industrial refrigeration market, having served important industries including dairy, pharmaceuticals, chemicals, and fertilizers for over 30 years. Their manufacturing facility is situated in the Maharashtra village of Patgaon, close to Murbad.The existing promoter and technocrat of S&C, V Sundararajan, will keep a share in the business and be instrumental in helping KPCL expand its activities.

With the help of the acquisition, KPCL hopes to strengthen its position and increase its presence in related market sectors. Subject to closing adjustments and due diligence, the transaction is anticipated to be completed in the upcoming three months.According to a statement from KPCL, this acquisition is a big step in strengthening its market position and expanding the range of products it offers in the industrial refrigeration space.