M&A

M&A

Kilburn Engineering acquires Monga Strayfield for Rs.123-Cr

Business Standard  

Kilburn Engineering has acquired Monga Strayfield Pvt Ltd , a company engaged in the business of manufacturing radio frequency dryers and heating solutions, for INR 123 crore. The acquisition is expected to enhance Kilburn’s portfolio and broaden its reach across various industries.Monga Strayfield Pvt Ltd, established in 1968, brings expertise in radio frequency drying and heating solutions, alongside a strong presence in the sheet metal fabrication industry, catering to both the US and European markets. In FY24, Monga reported total revenue of INR 72.90 crore, a profit after tax of INR 15.41 crore.