# 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.

- Type: Acquisition
- Announced: 2025-08-13
- Where: Italy
- Value: $18.0M (1.50B INR)
- Status: completed
- Products: valves, fittings, water network equipment, hydro-electric power plant equipment
- Sectors: [Pumps and Valves](https://endata.com/sectors/pumps-valves.md), [Water Treatment Equipment](https://endata.com/sectors/water-treatment-equipment.md)

## Companies

- [Electrosteel Castings](https://endata.com/companies/86627.md) (acquirer)
- [TIS Service](https://endata.com/companies/86628.md) (target)

## Sources

- [businessindia.co](https://businessindia.co/magazine/mergers-and-acquisitions/electrosteel-acquires-tis-service-gains-strength), 2025-08-13: "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."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.