Jash Engineering is planning to acquire WesTech Process Equipment India (WPEIPL) by purchasing 80% stake held by WesTech LLC, USA, along with an additional 10% stake held by employees of the Indian entity. Currently, WPEIPL employees collectively hold a 20% ownership stake in the company. The remaining 10% stake will be acquired from the employees after three years at a pre-agreed valuation multiple. The company aim to complete due diligence and sign the Share Purchase Agreement (SPA) by end of August 2025 and expect to close the acquisition by September/October 2025.
With this acquisition, the company aims to foray into the fast-growing industrial process equipment segment. This acquisition serves as a strong complement to company’s existing Shivpad Process Equipment Division in Chennai, which currently focuses on the municipal segment. Besides, it aligns with company’s growth strategy, expanding its service portfolio while also building scale. The combined turnover of WPEIPL and Shivpad for FY25 exceeds Rs 100 crore, positioning the company as one of the leading players in the municipal and industrial water process equipment market in India.
Jash Engineering is a leading supplier, manufacturer of gates and grilles fences.
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