Kirloskar Pneumatic to acquire majority stake in Systems & Components India

Kirloskar Pneumatic to acquire majority stake in Systems & Components India

Kirloskar Pneumatic Company Ltd. (BSE: 505283, NSE: KIRLPNU), a prominent entity in the air, refrigeration, and gas compressor sectors, has signed a memorandum of understanding (MoU) to acquire a majority stake (above 51%) in Systems & Components India Private Ltd. (S&C). This move marks a significant strategic expansion for Kirloskar Pneumatic Company Ltd. into the […]

Elgi Equipments establishes US joint venture firm – Gentex Air Solutions

Elgi Equipments establishes US joint venture firm – Gentex Air Solutions

Elgi Equipments, an Indian air compressors manufacturer, said that its fully-owned subsidiary – Elgi Compressors USA has established a joint venture (JV) firm in the US with James Gery and Diego Hernandez. The joint venture has been incorporated as Gentex Air Solutions as a North Carolina Limited Liability Company. Elgi Compressors USA has invested $95,000 […]