GMM Pfaudler’s subsidiary-- GMM Pfaudler US Inc., USA has approved the execution of a joint venture agreement with JDS Manufacturing (JDS), USA. GMM Pfaudler US Inc., USA is going to acquire 51% stake of JDS, USA at consideration of $0.5 million (Rs 3.9 crore) and the transaction will be funded through internal accruals. Joint venture with JDS will further develop the company’s high-margin service business and is expected to strengthen its market position in the Americas. JDS manufactures glass-lined spare parts and components and also provides re-glassing services.
GMM Pfaudler is a leading supplier of engineered equipment and systems for critical applications in the global chemical and pharmaceutical markets.
| Company Name | CMP |
|---|---|
| Bharat Heavy Elect. | 408.95 |
| Thermax | 4664.75 |
| Kirloskar Oil Engine | 2433.40 |
| Skipper | 556.20 |
| GMM Pfaudler | 774.75 |
| View more.. | |
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