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Veljan Denison inks pact to acquire 100% shareholding in Adan Holdings

07 Jul 2022 Evaluate

Veljan Denison has signed the share purchase agreement to acquire the 100% shareholding in Adan Holdings. Adan Holdings holds equity in other hydraulics and engineering companies in United Kingdom. This acquisition will improve the company’s market in Europe. The cost of acquisition is 1,400,000 Pound plus incidental expenses. 

Veljan Denison is an industrial manufacturer and services hydraulic fluid power systems and components.

Peers
Company Name CMP
Kirloskar Brothers 1772.00
Elgi Equipments 602.95
Shakti Pumps (India) 466.85
KSB 817.95
Oswal Pumps 275.15
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