# Elgi Equipments plans US assembly lines and distributor acquisitions

Elgi Equipments plans to acquire overseas air compressor distributors and set up assembly lines in the US, having set aside ₹5,000 crore for the purpose. The company aims to become the number two global air compressor maker by 2027.

- Type: Investment
- Announced: 2017-06-07
- Value: $770.0M (50.0B INR)
- Status: announced
- Products: air compressors
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Elgi Equipments](https://endata.com/companies/1552.md) (investor)

## Sources

- [thehindu.com](https://www.thehindu.com/business/Industry/elgi-eyes-mas-for-market-share/article18788218.ece), 2017-06-07: "The company has set aside ₹5,000 crore for the purpose."

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