Greaves Cotton Ltd is set to acquire Ascot International FZE (Ascot) for a consideration of $43,875.
Sharjah-based Ascot is engaged in the distribution of Greaves generating sets.
Greaves Cotton is a multi-product, multi-locational Company with core competencies in diesel / petrol engines, gensets, agro equipment and construction equipment.
Transaction Reference: Myiris
Greaves Cotton operates through five divisions: agricultural equipment, automotive, auxiliary Power, construction equipment, and industrial engines. It has nine manufacturing units.
Greaves Cotton reported a revenue of Rs.1347 Cr for the financial year ended June 30, 2010 as against Rs.1040 Cr for the year ended June 2009. PAT for the year have gone up to Rs.117 Cr as against Rs.56 Cr for the previous year.
Punj Lloyd Engineering Private Limited is also planning to acquire an engineering services company catering to the automobile, aerospace or heavy equipment sectors in the Middle East.
KVEZAR VIEW
| Date | Transaction | Type | Buyer | Size ($mn) |
| 13/08/10 |
Ascot International FZE - Greaves Cotton |
M&A |
Greaves Cotton Limited |
- |
| Date | Type | Buyer | Target | Size ($mn) | State |
| 07/02/12 |
Private Equity |
IDFC Private Equity |
Regen Powertech Private Limited |
20.39 |
Announced |
| 07/02/12 |
M&A |
Piramal Healthcare Limited |
Looking For |
- |
Planned |
| 03/02/12 |
M&A |
ThyssenKrupp Elevator India Private Limited |
Eros Elevators & Escalators Private Limited |
- |
Completed |
| 31/01/12 |
M&A |
Inox India Limited |
Looking For |
20.00 |
Planned |
Company |
| Name | Promoters | Office | Competitor | Website |
| Greaves Cotton Limited |
Karan Thapar |
Industry Manor,
Appasaheb Marathe Marg,
Prabhadevi,
Mumbai 400025. |
Larsen & Toubro Limited
Punj Lloyd Limited |
www.greavescotton.com |
