Acquisitions28 Jan 2025, 06:16 pm
Kilburn Engineering Acquires Monga Strayfield for X123 Crore to Boost 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 X123 crore. This acquisition will strengthen Kilburn’s market position, enhance its offerings across key industrial sectors, and contribute an estimated X80 crore to its topline. Kilburn expects the acquisition to be margin accretive and bolster its international presence.
Key Highlights
- Kilburn Engineering Ltd. acquires Monga Strayfield Pvt. Ltd. for X123 crore to expand its global footprint in drying and heating solutions.
- Monga Strayfield Pvt. Ltd. is renowned for its over five decades of expertise in RF drying and heating systems and strong presence in sheet metal fabrication.
- The acquisition is expected to contribute X80 crore to Kilburn's topline and be margin accretive.
- Monga Strayfield Pvt. Ltd. has a well-established customer base in the USA and Europe and has built a reputation for delivering cutting-edge solutions to industries such as textiles, packaged foods, and more.
- The acquisition aligns with Kilburn's strategic vision, adding significant capabilities to its existing portfolio and positioning the company for accelerated growth.