M&A
GMM Pfaudler acquires SEMCO Tecnologia for Rs.158-Cr
Press Release BSE Announcement
Mumbai-based, publicly listed GMM Pfaudler Ltd, through its wholly owned subsidiary Pfaudler Ltda., Brazil, is to acquire 100% share capital of Sao Paulo, Brazil-based SEMCO Tecnologia em Processos Ltda ., for USD 18.5 million (~INR 158 crores). The acquisition will strengthen GMM Pfaudler’s Mixing technologies platform and give access to the rapidly growing markets in South America.Founded in 1953, SEMCO has over 40 years of experience in industrial mixing and related processes. It serves a wide range of industrial applications, including metals & minerals, renewable fuels, water & wastewater treatment, chemical and petrochemical, among others. For FY24, the company recorded sales of INR 132.74 crore.
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