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Power transmission contractor KEC International has signed a $95 million agreement to acquire SAE Towers Holdings from U.S. based Acon Investments. The acquisition, expected to close this month, would be on a cash- and debt-free basis. It would also be EPS accretive from FY11.

 

SAE Towers is a maker of steel lattice transmission towers, and it produces 100,000 metric tonnes per annum. It also makes steel poles for electrical transmission and related hardware and employs more than 750 personnel.

 

The acquisition will strengthen KEC International's foothold in North American and Latin American markets, where transmission and distribution spends are rising.

 

On completion of the acquisition, KEC International's steel lattice transmission tower output will rise to 311,000 tonnes from the present 211,000 towers. SAE Towers has a debt of $16 million on books, while its current order book position stood at $126 million.crackcrack

KEC International Share Price

559.60 -20.50 (-3.53%)
20-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Larsen & Toubro 4050.00
Rail Vikas Nigam 296.30
NCC 160.45
KEC International 559.60
Kalpataru Projects 1240.45
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