MoneyWorks4Me

Roto Pumps' JVC divests equity stake in Ecochem Pumps

13 Nov 2015 Evaluate

Roto Pumps' Joint Venture Company (JVC) in Singapore ‘Roto Overseas’ has divested its equity stake in the South African Company known as Ecochem Pumps and has acquired a majority equity stake in another South African Company known as Roto Pumps Africa. This is intended to open up the markets in South Africa and other African Companies for the sale of Roto Products.

Roto Pumps is an engineering company with global focus. With presence in over 40 countries, the company aim to provide localized solutions in application engineering, deliveries and sales support. The company had received ‘Best SME in Global Outreach’ and ‘Best Medium Enterprise in Engineering Goods Sector’ award at Dun & Bradstreet SME Awards 2013.


Peers
Company Name CMP
Kirloskar Brothers 1775.40
Elgi Equipments 602.95
Shakti Pumps (India) 467.75
KSB 817.95
Oswal Pumps 275.15
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