Kirloskar Oil Engines to acquire 76% of La-Gajjar Machineries pump maker

Kirloskar Oil Engines will acquire a 76% stake in Ahmedabad-based electric pump maker La-Gajjar Machineries at 7.89 times EBITDA, with the remaining 24% to be bought over five years; the amount was not disclosed.

“KOEL ... today announced to execute a definitive agreement to acquire 76 per cent stake in LGM at a valuation of 7.89 times EBITDA”timesofindia.indiatimes.com

• 2 sources
• timesofindia.indiatimes.comKirloskar Oil Engines to acquire La-Gajjar MachineriesJun 21, 2017
• constructionworld.inKirloskar Oil Engines to acquire La Gajjar MachineriesJul 4, 2017

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