Acquisitions28 Jan 2025, 04:12 pm
Kilburn Engineering Acquires Monga Strayfield for INR 123 Crores to Expand Global Footprint in Drying and Heating Solutions
AI Summary
Kilburn Engineering Ltd., a leading provider of industrial drying and heating solutions, has successfully acquired Monga Strayfield Pvt. Ltd., a global pioneer in radio frequency (RF) drying and heating technologies, for INR 123 crore. This acquisition will strengthen Kilburn’s market position, enhance its offerings across key industrial sectors, and add to its existing capabilities. The acquisition is expected to contribute INR 80 crore to Kilburn's topline and be margin accretive.
Key Highlights
- Kilburn Engineering acquires Monga Strayfield for INR 123 crore
- Monga Strayfield is renowned for its over five decades of expertise in RF drying and heating systems
- The acquisition is expected to contribute INR 80 crore to Kilburn's topline and be margin accretive
- Monga Strayfield has a well-established customer base in the USA and Europe
- Monga Strayfield specializes in sheet metal fabrication, serving markets across the USA and Europe