Kirloskar Pneumatic completes acquisition of KSEA Thailand
KIRLPNU · price
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Kirloskar Pneumatic Company has acquired 99.49% voting power in Kirloskar South East Asia Co. Limited (KSEA), a Thailand-based firm, for about Rs. 4.95 crores in cash. KSEA, with turnover of Rs. 9.24 crores and networth of Rs. 6.77 crores, is now a wholly-owned subsidiary effective August 3, 2026.
Expands overseas presence in Thailand. Small deal size limits immediate financial impact, but adds international subsidiary for future growth.