Acquisitions3 Aug 2026, 04:12 pm
Kirloskar Pneumatic Acquires 99.49% Stake in KSEA for THB 1.7 Cr
AI Summary
Kirloskar Pneumatic Company Ltd has acquired 99.49% of the total voting power of Kirloskar South East Asia Co. Limited (KSEA) for a total consideration of 1,70,52,750 THB (approximately Rs. 4.95 Crores). This acquisition, completed on August 3, 2026, makes KSEA a subsidiary of Kirloskar Pneumatic as per the Companies Act, 2013. The target company, KSEA, incorporated in Thailand, had a turnover of THB 30.91 Million (Rs. 9.24 Crores) and a net worth of THB 22.65 Million (Rs. 6.77 Crores) as of December 31, 2025. This move signifies a strategic expansion for Kirloskar Pneumatic in the Southeast Asian market.
Key Highlights
- Kirloskar Pneumatic acquired 99.49% stake in Kirloskar South East Asia Co. Limited.
- Total consideration for the acquisition was THB 1,70,52,750 (approx. Rs. 4.95 Crores).
- KSEA is now a subsidiary of Kirloskar Pneumatic Company Ltd.
- Acquisition completed on August 3, 2026.
- KSEA had a turnover of THB 30.91 Million as of Dec 31, 2025.
Price Impact
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