Kalpataru Power Transmission acquires 85% stake in Linjemontage i Grastorp AB

Kalpataru Power Transmission Ltd (KPTL) signed a definitive agreement to acquire an 85% equity stake in Swedish EPC firm Linjemontage i Grastorp AB (LMG) for an enterprise value of $24 million. The acquisition expands KPTL's presence in Nordic countries.

“The acquisition of LMG is in-line with KPTL’s stated objective of growth and greater geographical presence in stable and growing markets with focus on the power transmission segment.”livemint.com

• 2 sources
• livemint.comKalpataru Power buys 85% stake in Swedish firm LinjemontageSwaraj Singh DhanjalMar 25, 2019
• indianinfrastructure.comKalpataru Power acquires majority stake in Swedish engineering companyApr 6, 2019

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