Elgi Equipments has acquired 100% stake of Rotair S.p.a. The acquisition is through a 100% subsidiary incorporated in Italy, Elgi Compressors Italy S.r.I.
Rotair S.p.a is located in Northern Italy and engaged in the design, manufacture and distribution of a range of compressors and allied products for the construction and industrial sectors. The company has an annual turnover of Euro 15 million, and has market presence across Europe and other leading international markets.
Elgi Equipments is engaged in manufacturing of air compressors and automobile service station equipment. Products manufactured by company has wide applications in the area of mining, pharmaceuticals, ship building, power, oil, chemicals, textiles, printing, paper, transport, electronics, telecommunications, defence, medical, railways, food and beverages and plastics.
| Company Name | CMP |
|---|---|
| Kirloskar Brothers | 1764.10 |
| KSB | 966.60 |
| Shakti Pumps (I) | 573.95 |
| Elgi Equipments | 549.00 |
| Kirloskar Pneumatic | 1264.85 |
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