# Welspun Enterprises acquires 50.10% stake in Michigan Engineers

Welspun Enterprises Limited acquired a 50.10% stake in Michigan Engineers Private Limited, a trenchless technology-based EPC company in the urban water infrastructure segment, for an equity investment of Rs. 137.07 crore.

- Type: Acquisition
- Announced: 2023-08-22
- Where: India
- Status: completed
- Products: trenchless technology-based EPC services, water infrastructure
- Sectors: [Water Treatment Equipment](https://endata.com/sectors/water-treatment-equipment.md)

## Companies

- [Welspun Enterprises](https://endata.com/companies/72170.md) (acquirer)
- [Michigan Engineers](https://endata.com/companies/72171.md) (target)

## Sources

- [goodreturns.in](https://www.goodreturns.in/news/52-week-high-multibagger-small-cap-infra-stock-acquires-50-10-stake-in-michigan-engineers-1295635.html), 2023-08-22: "The acquisition aligns with WEL's strategy to expand the water infrastructure business and marks the Company's entry into a high margin and high growth water and tunnelling solutions segment."

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