Acquisitions6 Mar 2025, 11:48 pm
Quality Power Acquires Majority Stake in Mehru Electrical & Mechanical Engineers for Rs. 120 Crore
AI Summary
Quality Power Electrical Equipments Limited has successfully acquired a 51% stake in Mehru Electrical and Mechanical Engineers Pvt Ltd, a leading manufacturer of high-voltage instrument transformers, for a total cash consideration of Rs. 120 crore. This strategic acquisition aims to enhance Quality Power’s high-voltage capabilities and expand its global market presence, aligning with its long-term vision. The acquisition is expected to bring synergies in product development, expanded product offerings, turnkey solutions for metering and protection applications, skilled workforce, geographic expansion, and capacity for large-scale projects.
Key Highlights
- Enhanced Product Development through advanced R&D capabilities
- Expanded Product Offerings by integrating Mehru’s expertise in instrument transformers
- Turnkey Solutions for Metering and Protection Applications
- Skilled Workforce with over 100 engineers from Mehru
- Geographic Expansion through Mehru’s established customer base in Southeast Asia and Africa
- Capacity for Large-Scale Projects