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WPIL’s arm to acquire 55% stake in Paterson Candy International

08 Feb 2025 Evaluate

WPIL’s South African subsidiary -- WPIL SA has entered into a subscription agreement to acquire 55% shareholding of Paterson Candy International (SA) (PCI Africa) based in Johannesburg, South Africa on February 7, 2025. 

Paterson Candy International is a globally recognized water and wastewater treatment process engineering and turnkey contracting company focused on the municipal, water utility and industrial sectors with origins dating back to 1870s and has a leading presence across the African continent.

PCI Africa is the market leader in water and wastewater across Africa and WPIL is proud to be a part of its evolving legacy. PCI Africa would be a huge beneficiary of the recent South African Government initiative to enhance its water infrastructure especially in the Eastern and Western Cape regions. This acquisition further 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. The transaction consideration would be paid in cash and is subject to regulatory approvals and is expected to complete by first quarter FY26.

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


WPIL Share Price

414.65 -0.70 (-0.17%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Kirloskar Brothers 1764.10
KSB 966.60
Shakti Pumps (I) 573.95
Elgi Equipments 549.00
Kirloskar Pneumatic 1264.85
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