# Elgi divests stake in US joint venture Compressed Air Solutions of Texas

Elgi Compressors USA, a subsidiary of Elgi Equipments, decided to sell its entire stake in the Compressed Air Solutions of Texas joint venture to its partner for $154,586, with closure expected by October 31, 2024.

- Type: Acquisition
- Announced: 2024-09-26
- Where: Texas, United States
- Value: $155K
- Status: announced
- Products: oil-flooded rotary screw air compressors
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Elgi Equipments](https://endata.com/companies/1552.md) (partner)
- [Compressed Air Solutions of Texas](https://endata.com/companies/12325.md) (target)

## Sources

- [cnbctv18.com](https://www.cnbctv18.com/market/stocks/elgi-equipments-share-price-to-divest-stake-in-usa-joint-venture-for-usd-154586-by-october-31-19483076.htm), 2024-09-26: "The divestment will fetch Elgi USA a consideration of $154,586."

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