Acquisitions9 Feb 2024, 10:20 pm
Bemco Hydraulics Limited Acquires Pegasys Machines Private Limited
AI Summary
Bemco Hydraulics Limited has acquired Pegasys Machines Private Limited, a manufacturer of automatic straightening machines in India, for a consideration of INR 19,45,00,000. The acquisition is expected to complement Bemco's current business and expand its product line. The acquired entity has a turnover of INR 6,18,06,400 for the financial year 2022-23.,
Key Highlights
- Bemco Hydraulics Limited acquires Pegasys Machines Private Limited
- Consideration of INR 19,45,00,000
- Expansion of product line
- Complementary business