Kilburn Engineering acquires M E Energy for Rs 98.7 crore

Kilburn Engineering Ltd (KEL) acquired M E Energy Private Ltd, a waste heat recovery and reutilization systems company, for an aggregate consideration of Rs 98.70 crore (including cash payout of Rs 75.46 crore). The acquisition aims to strengthen KEL's thermal engineering portfolio.

“Kilburn Engineering Ltd (KEL) on Wednesday announced that it has acquired M E Energy Private Ltd, a leading entity in waste heat recovery and reutilisation systems, for an aggregate consideration of Rs 98.70 crore.”economictimes.indiatimes.com

• 1 source
• economictimes.indiatimes.comKilburn Engineering: Kilburn Engineering acquires M E Energy to strengthen thermal portfolio - The Economic TimesFeb 21, 2024

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