# VBG Group to acquire Rathi Transpower for 300 MSEK

VBG Group, through its subsidiary Ringfeder Power Transmission India Private Ltd, signed an agreement to acquire all shares in Indian company Rathi Transpower Pvt. Limited for a total purchase price of approximately 300 MSEK.

- Type: Acquisition
- Announced: 2023-09-13
- Where: India
- Value: $27.0M (300.0M SEK)
- Status: announced
- Products: power transmission components
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [VBG Group](https://endata.com/companies/59947.md) (acquirer)
- [Rathi Transpower Pvt. Limited](https://endata.com/companies/72592.md) (target)

## Sources

- [news.cision.com](https://news.cision.com/vbg-group/Index/about-umsi/cxense.com/investors/stock-exchange-notices), 2023-09-13: "VBG Group has today signed an agreement to acquire all shares in the Indian company Rathi Transpower Pvt including its subsidiaries in Australia and Germany."

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