M&A

M&A

Tube Investments to buy 67% in aluminium tubes maker Kcaltech System for Rs.62-Cr

Press Release  

Publicly listed Tube Investments of India Ltd (TII) is to acquire 67% stake fellow Chennai-based Kcaltech System India Pvt Ltd (KCAL India) for INR 62 crore in cash. Kcaltech was originally established as Kcaltech System lndia LLP. It was converted into a private limited company on October 30, 2024. The turnover of Kcaltech LLP for FY24 was INR 80 crore (same as the previous FY).KCAL India is a subsidiary of South Korea based KC Altech Co Ltd. It manufactures aluminium tubes and parts for HVAC applications in the automobile industry. The company also trades in aluminium forged parts, such as pistons, shoes, and scrolls.