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WPIL’s arm acquires 100% shareholding in Eigenbau Proprietary

09 Oct 2024 Evaluate

WPIL’s South African subsidiary -- APE Pumps Pty has entered into a Share Purchase agreement and acquired 100% shareholding of Eigenbau Proprietary, based in Bryanston, South Africa on October 08, 2024.

Eigenbau Proprietary is a medium sized contracting company providing turnkey solutions in the water and wastewater sector with a strong presence in the South African market and important references across Southern Africa over the last 34 years. 

This acquisition strengthens and builds on WPIL’s focus on providing flow solutions especially in the highly prospective African continent along with sharing tremendous synergies with APE Pumps and their turnkey pumping business.

WPIL is mainly engaged into manufacturing of vertical pumps, horizontal pumps, grey iron, castings and sluice valves.

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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