Kirloskar Pneumatic Company has entered into a memorandum of understanding (MoU) to acquire a majority stake (above 51%) in M/s. Systems & Components India (S&C). S&C has been in the industrial refrigeration business for over 30 years, with more than 700 installations across India in the dairy, pharmaceutical, chemical and fertilizer industries. Their manufacturing plant is located at Village Patgaon, near Murbad, Maharashtra.
The acquisition of this stake will empower Kirloskar Pneumatic Company to scale up its business and expand into adjacent segments related to its current operations. The transaction is expected to be consummated within the next three months, subject to Due Diligence and closing adjustments.
Kirloskar Pneumatic Company established in 1958 is India’s leading name in Compressed Air, Air-conditioning & Refrigeration and Hydraulic Power Transmission. The company is now a part of Kirloskar group.
