Acquisitions9 Sept 2025, 07:12 pm
Indef Manufacturing Ltd Acquires 80% Stake in Daedalus Lift & Access Equipments for Rs. 5,07,80,042
AI Summary
Indef Manufacturing Limited has completed the acquisition of 80% of Equity Shares of Daedalus Lift & Access Equipments Private Limited for a total consideration of Rs. 5,07,80,042. The acquisition aligns with the Company’s strategic objective to strengthen its presence in the material handling and access equipment segment. The target entity operates in a business broadly aligned with the Company’s core activities and is expected to complement and enhance its product portfolio and expand its market reach.
Key Highlights
- Indef Manufacturing Ltd has acquired 80% stake in Daedalus Lift & Access Equipments Private Limited for Rs. 5,07,80,042.
- The acquisition is expected to complement and enhance Indef's product portfolio and expand its market reach.
- Daedalus Lift & Access Equipments Private Limited is focused on the Mobile Elevating Work Platforms and Material Handling sector.
- The target company's background shows a steady growth in turnover over the past few years.
- The acquisition aligns with Indef's strategic objective to strengthen its presence in the material handling and access equipment segment.