M&A

M&A

Sustainable energy player Empower India to acquire EPC co. Valiance Engineers

Business Line  

Publicly listed, Mumbai-based sustainable energy solutions provider Empower India is to acquire New Delhi-based Valiance Engineers . The transaction will be structured as a 100% share swap through the preferential allotment of fresh equity shares of Empower India. Valiance will become a wholly-owned subsidiary of Empower. Mark AB Capital, the current holder of a 70% stake in Valiance Engineers, will become an equity shareholder of Empower India.Valiance Engineers maintains an operating base across the civil, oil and gas, and real estate sectors. Through its wholly-owned, Texas, US-based subsidiary, Lauren Engineers & Constructors, the firm provides global expertise in modularisation, process engineering, piping, instrumentation, and plant layout design. These capabilities are intended to complement Empower India’s focus on enterprise digitalisation and infrastructure projects.