# Kirloskar Pneumatic signs MoU to acquire 54.55% stake in Systems and Components India

Kirloskar Pneumatic Company signed a memorandum of understanding on 21 June 2024 to acquire a 54.55% equity stake in refrigeration firm Systems and Components India for around Rs 15 crore in cash.

- Type: Acquisition
- Announced: 2024-06-21
- Where: Patgaon near Murbad, Maharashtra, India
- Value: $1.80M (150.0M INR)
- Status: announced
- Products: industrial refrigeration systems
- Sectors: [HVAC and Industrial Refrigeration](https://endata.com/sectors/hvac-refrigeration.md)

## Companies

- [Kirloskar Pneumatic Company](https://endata.com/companies/11055.md) (acquirer)
- [Systems and Components India](https://endata.com/companies/11983.md) (target)

## Sources

- [capitalmarket.com](https://www.capitalmarket.com/markets/news/corporate-news/kirloskar-pneumatic-company-to-acquire-majority-stake-in-system-and-components-india/1521177), 2024-06-21: "Kirloskar Pneumatic Company has entered into a Memorandum of Understanding with System and Components India on 21 June 2024 for acquisition of 54.55% equity stake in System and Components India."
- [thehindubusinessline.com](https://www.thehindubusinessline.com/companies/kirloskar-pneumatic-to-acquire-a-majority-stake-in-systems-and-components-india/article68316646.ece), 2024-06-21: "This strategic move will see KPCL taking over more than 51 per cent of S&C."

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