UK based Weir Group Plc is acquiring the valves business of 
BDK Engineering Industries. The acquisition is subject to tax clearance.
This acquisition will add to Weir's global customer offering and its Indian sales network will provide an additional route to Weir Group to market its products.
Karnataka based BDK Engineers Limited was founded by Bharat Khimji. It makes valves for the oil & gas, petrochemical and power markets.
The valves division generated sales of Rs 152 Cr for the year ended on March'10. The gross assets of the valves division stand at Rs 122 Cr.
Transaction Reference: BS
Weir Group Plc operates in three markets: minerals, oil and gas, and power. On March 5, 2010, it acquired Petroleum Certification Services.
Weir Group owns two Indian facilities in the mining and power station sectors. It serves the minerals and power & industrial markets with a significant engineering shared service capability providing engineering support to many Weir companies globally.
Last month, Weir Group announced a 58% rise in pre-tax profits in the first six months of this year to £144 Mn.
This acquisition adds 600 new employees into the Glasgow-based firm.
Earlier in June, Mazda Limited sold its valve division to Circor Flow Technologies India in an all cash deal.
KVEZAR VIEW
| Date | Transaction | Type | Buyer | Size ($mn) |
| 02/09/10 |
BDK Engineering (Valves Business) - Weir Group |
M&A |
Weir Group Plc |
- |
| Date | Type | Buyer | Target | Size ($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 |
| BDK Engineering Industries Limited |
Bharat Khimji |
Shiava Nagar, Dr.A B Road, Worli, Mumbai-400018. Maharashtra, India. |
|
www.bdkindia.com |
 |
Avendus Advisors Private Limited |
