Elgi acquires Australia's Pulford Air and Gas

Elgi Equipments completed the full acquisition of Australian compressor distributor FR Pulford & Son and its subsidiary Advanced Air Compressors, trading as Pulford Air and Gas, for an upfront cash cost of about A$11.04 million. The deal was announced on 2018-08-01.

“The total acquisition cost is approximately A$11.04 million (upfront cash consideration).”financialexpress.com

• 2 sources
• financialexpress.comElgi acquires Australia’s Pulford Air and Gas - Industry News | The Financial ExpressAug 1, 2018
• india.comELGi Equipments eyeing 14-15% growth in FY 2018-19: MD | India.comAug 5, 2018

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