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Bemco Hydraulics acquires 100% stake in Pegasys Machines

09 Feb 2024 Evaluate

Bemco Hydraulics has acquired 100% shares in Pegasys Machines. Pegasys Machines is a sole manufacturer of automatic straightening Machines in India. With this acquisition, Bemco Hydraulics enters into new but related business line and it perfectly compliments current business.

Pegasys Machines comes with one year forward looking order book. Investment in equity shares of Pegasys Machines results it to be 100% wholly owned subsidiary of Bemco Hydraulics. The cost of acquisition is Rs 19.45 crore. 

Bemco Hydraulics is the leading manufacturers of Portable, Light weight re-railing equipment,Hydraulic Re-railing equipments,Re-railing Systems,Hydraulic Rerailing etc. 

Peers
Company Name CMP
Bharat Heavy Elect. 422.00
Thermax 3364.10
Kirloskar Industries 3481.75
Skipper 541.95
INDO-MIM 1272.60
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