Lloyd Electric acquires industrial shed from Lindab through Janka Engineering

Lloyd Electric & Engineering, through its wholly owned subsidiary Janka Engineering has executed a purchase agreement with Lindab for the acquisition of Industrial Shed spread over an area of about 7092 sqm along with their parts and appurtenances including heating systems, compressors and other allied equipments located in the Cadastral Territory of Radotin, Prague, Czech Republic for a total cash consideration of Euro 0.8 Million.

The said acquisition sets for a major step in company’s strategy towards expansion of its operations in Prague, Czech Republic.

Lloyd Electric & Engineering is in the business of manufacturing heat exchanger coils for air-conditioning and refrigeration application, ‘U’ bend and return bend for heat exchanger coils, system tubing and header line for air conditioner equipment and sheet metal items for air conditioner systems made from CNC presses and are leaders in India.