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Elgi Equipments’ arm inks pact to acquire 33.33% stake in CS Industrial Services LLC

10 Mar 2023 Evaluate

Elgi Equipments’ wholly owned subsidiary -- Elgi Compressors USA Inc. has entered into an operating agreement for acquisition of 33.33% in the share capital of CS Industrial Services LLC, USA, a North Carolina limited liability company on March 9, 2023. CS Industrial Services LLC will act as an exclusive dealer/distributor for Elgi Compressors USA Inc, for sale of ELGi branded compressors in Western New York region.

Elgi Equipments is a holding company and an air compressor manufacturer. The company’s segments include Compressors, Automotive Equipments and Others.

Peers
Company Name CMP
Kirloskar Brothers 1629.45
Elgi Equipments 556.10
Shakti Pumps (India) 348.80
KSB 629.60
Oswal Pumps 229.30
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