WPIL has entered into an agreement, through its subsidiary at Singapore, WPIL International, with PSV Holdings for acquisition of its pump business by the way of acquiring 100% stake in its subsidiaries for a total consideration of 54 million South African Rand in cash, subject to carrying out of necessary due diligence. With this acquisition, WPIL will be able to expand its reach in the vast developing African pump market.
PSV Holdings, is a listed company based in South Africa, is a specialized Industrial Engineering Group focusing on pumps, spares, valves, engineering linings, industrial supplies, fuel pumps and dispensers and cryogenics.
WPIL offers system engineering and complete solutions to all kinds of water and waste water handling and transportation needs. The company is mainly engaged into manufacturing of vertical pumps, horizontal pumps, grey iron, castings and sluice valves.
