Electrosteel Castings acquires TIS Service for Rs150 crore

Electrosteel Castings Ltd has acquired the entire equity of Italian valve manufacturer TIS Service SpA for Rs150 crore, making it a wholly-owned subsidiary. The acquisition was completed after due diligence and integration planning is underway.

“The acquisition reflects our confidence in the strategic value and capabilities of TIS Service and our intent to fully integrate its strengths into the Electrosteel ecosystem.”businessindia.co

• 1 source
• businessindia.coElectrosteel acquires TIS Service, gains strengthSajal BoseAug 13, 2025

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