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Veljan Denison acquires entire stake in Adan Holdings

05 Aug 2022 Evaluate

Veljan Denison has acquired the 100% shareholding in Adan Holdings, United Kingdom on August 3, 2022 and Adan Holdings will continue as wholly owned subsidiary of Veljan Denson. This acquisition will improve the company’s market in Europe. Earlier, the company had signed the share purchase agreement to acquire the 100% shareholding in Adan Holdings.

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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