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HLE Glascoat’s arm acquires 100% stake in HLE Surface Technologies GmbH

29 Jul 2025 Evaluate

HLE Glascoat’s Wholly Owned Subsidiary -- Thaletec GmbH has acquired 100% of the equity share capital of HLE Surface Technologies GmbH (formerly known as Blitz F25-14 GmbH) (Target Entity) on July 28, 2025. Consequent to this acquisition, it has become a Wholly Owned Step-Down Subsidiary of the Company.  The Target Entity shall be engaged in the business of engineering equipment in line with the company's objects and activities.

HLE Glascoat is a part of the Patel Group of Companies founded in 1951. The company is a leading manufacturer of process equipment for the chemical and pharmaceutical industries.

Peers
Company Name CMP
Bharat Heavy Elect. 434.10
Thermax 3325.75
Kirloskar Industries 3449.15
Skipper 525.65
INDO-MIM 1181.70
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