# 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.

- Type: Acquisition
- Announced: 2019-03-25
- Where: Grastorp, Sweden, Sweden
- Value: $24.0M
- Status: announced
- Products: power transmission EPC services
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [Kalpataru Power Transmission](https://endata.com/companies/30967.md) (acquirer)
- [Linjemontage i Grastorp AB](https://endata.com/companies/38220.md) (target)

## Sources

- [livemint.com](https://www.livemint.com/industry/energy/kptl-to-buy-swedish-epc-company-at-enterprise-valuation-of-25-mn-1553522369888.html), 2019-03-25: "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."
- [indianinfrastructure.com](https://indianinfrastructure.com/2019/04/06/kalpataru-power-acquires-majority-stake-in-swedish-engineering-company/), 2019-04-06: "Kalpataru Power Transmission Limited (KPTL) has signed a definitive agreement to acquire an 85 per cent stake in Swedish firm Linjemontage i Grästorp AB (LMG) for an enterprise value of $24 million."

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