Kirloskar Brothers eyes acquisitions in the US, Europe

26 Jun 2009

1

Aiming at becoming one of the leading pump makers in the world, Pune-based Kirloskar Brothers (KBL) has set up a core group to consider making acquisitions in the US, Europe and the Far East. The company has made four overseas acquisitions since 2002, with one in the UK.

The company is in talks with 4-5 companies and expects to finalise the deals within this financial year.

"The current slowdown has thrown up a lot of opportunities abroad; so we are looking to acquire some companies in the US, UK and Far East," Pradeep Chapalgaonkar, vice president, Kirloskar Brothers, said.

"We are looking to be one of the top five global players in fluid handling solutions in the next five years," he added.

According to Chapalgaonkar, the core group would consider factors such as synergy, logistics advantages and specialised product offerings while making a decision.

KBL, India's largest maker and exporter of pumps, valves and pumping systems, aims to increase its exports through overseas joint ventures. Its current exports stood at Rs250 crore in 2008-09.

Business History Videos

History of hovercraft Part 3 | Industry study | Business History

History of hovercraft Part 3...

Today I shall talk a bit more about the military plans for ...

By Kiron Kasbekar | Presenter: Kiron Kasbekar

History of hovercraft Part 2 | Industry study | Business History

History of hovercraft Part 2...

In this episode of our history of hovercraft, we shall exam...

By Kiron Kasbekar | Presenter: Kiron Kasbekar

History of Hovercraft Part 1 | Industry study | Business History

History of Hovercraft Part 1...

If you’ve been a James Bond movie fan, you may recall seein...

By Kiron Kasbekar | Presenter: Kiron Kasbekar

History of Trams in India | Industry study | Business History

History of Trams in India | ...

The video I am presenting to you is based on a script writt...

By Aniket Gupta | Presenter: Sheetal Gaikwad

view more
View details about the software product Informachine News Trackers