Acquisition Details
Kirloskar Pneumatic Company Ltd. has completed the acquisition of 99.49% of the total voting power in M/s. Kirloskar South East Asia Co. Ltd. (KSEA). With this acquisition, Kirloskar South East Asia Co. Ltd. is now a subsidiary of Kirloskar Pneumatic Company Limited.
Target Company Profile
Kirloskar South East Asia Co. Ltd. (KSEA) was incorporated in 2016 and is engaged in the trading of compressors across the South-East Asian market. The company has its registered office in Bangkok, Thailand.
Strategic Rationale
The acquisition establishes operations in Thailand through the subsidiary, aiming to:
- Strengthen presence in the South-East Asian region
- Enhance customer engagement
- Provide faster sales and after-sales support
- Enable more effective response to customer requirements
- Improve market coverage
- Build stronger relationships with channel partners and end users
Company Background
Kirloskar Pneumatic Company Ltd. (KPCL) was established in 1958 and offers a comprehensive range of products including:
- Air, Refrigeration, and Gas compressors and systems
- Vapour absorption chillers
- Industrial gearboxes
The company serves various industries including steel, cement, cold chains, food and beverages, pharmaceuticals, railways, defense and marine. KPCL holds a significant presence in the Oil & Gas sector and is a key player in CNG business in India.