MoneyWorks4Me

Kirloskar Brothers’ step-down subsidiary acquires 100% stake in SyncroFlo INC

06 Mar 2014 Evaluate

Kirloskar Brothers’ step-down subsidiary - SPP Pumps LP, Georgia, USA has acquired 100% issued and outstanding capital of SyncroFlo INC, a Georgia Corporation. SPP Pumps LP is owned by SPP Pumps, UK, which is a step down subsidiary of the company.

Kirloskar Brothers is engaged in manufacturing pumps. It is a part of $2.2 billion Kirloskar group and India’s largest manufacturer and exporter of pumps and valves.

Peers
Company Name CMP
Kirloskar Brothers 1694.35
Elgi Equipments 571.00
Shakti Pumps (India) 419.05
KSB 767.85
Oswal Pumps 257.35
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