# Amber Enterprises to acquire 80% stake in Sidwal Refrigeration Industries

Amber Enterprises India has received board approval to acquire an 80% stake in Sidwal Refrigeration Industries, including the business of Sidwal Technologies, to strengthen its presence in the air conditioner space for mobile, railway, metro, bus, telecom, and defence applications.

- Type: Acquisition
- Announced: 2019-03-22
- Where: India
- Status: announced
- Products: air conditioners, refrigeration systems
- Sectors: [HVAC and Industrial Refrigeration](https://endata.com/sectors/hvac-refrigeration.md)

## Companies

- [Amber Enterprises India](https://endata.com/companies/38150.md) (acquirer)
- [Sidwal Refrigeration Industries](https://endata.com/companies/38151.md) (target)

## Sources

- [moneyworks4me.com](https://www.moneyworks4me.com/company/news/index/id/334536), 2019-03-22: "The acquisition will strengthen Amber's leadership and market presence in the air conditioner space in India and it will create a platform providing unmatchable, high quality and price competitive product offering for mobile applications, railways, metro, bus, telecom and defence applications."
- [thehindubusinessline.com](https://www.thehindubusinessline.com/markets/stock-markets/amber-enterprises/article27026928.ece), 2019-05-03: "Amber Enterprises on Friday said that it has acquired 36,000 equity shares of face value ₹1,000 each comprising 80 per cent of the equity share capital of Sidwal Refrigeration Industries Private Limited."

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