KEC International to make $100 mn acquisition

RPG Group Company KEC International is looking at acquiring assets in the power transmission segment for over $100 million. The company is considering options in US & Africa for the acquisition. It is actively scouting for options and will make the acquisition in the near future.

KEC recently acquired Texas-based SAE Towers for $95 million (about Rs 440-crore) on a cash-free and debt-free basis. The company had recently also acquired Jay Railway Signalling for close to Rs 14-crore, barely a week after sealing the buy-out of SAE Towers Holdings.