Acquisitions21 May 2026, 06:51 pm
Man Industries Acquires National Pipe Co for USD 102 Mn
AI Summary
Man Industries (India) Ltd, through its subsidiary MAN International Steel Industries Company (MISIC), has acquired 100% of National Pipe Company Limited (NPC) in Saudi Arabia for USD 102 million (~₹1,000 Crores). NPC has a capacity of 430,000 MTPA and is API-certified. The acquisition is valued at 1.5x EV/EBITDA and is expected to be EPS-accretive from day one. NPC has a strong balance sheet with USD 83 million in cash and liquid assets and a net worth of USD 158.63 million.
Key Highlights
- Man Industries acquires National Pipe Company (NPC) for USD 102 million.
- NPC has an installed capacity of 430,000 MTPA and is API-certified.
- The acquisition is valued at 1.5x EV/EBITDA and is EPS-accretive from Day 1.
- NPC has USD 83 million in cash and liquid assets and a net worth of USD 158.63 million.
- NPC holds an order position of USD 120 Million.
Price Impact
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