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WPIL Ltd — M&A Activity 2025
Jan 7, 2025
62191_rns_2025-01-07_a96bb35d-ea8f-49bf-9c91-c39e824043af.pdf
M&A Activity
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Date: January 07, 2025
Scrip Code: 505872
To The Secretary Department of Corporate Services BSE Limited PJ Towers, Dalal Street Mumbai – 400001
SUB: DISCLOSURE UNDER REGULATION 30 OF SEBI (LODR) REGULATIONS, 2015
Dear Sir,
With reference to the above, enclosed herewith is an Announcement in relation to acquisition made by the Company’s European Subsidiary.
The above is for your information and records.
Thanking you.
Yours Faithfully,
FOR WPIL LIMITED
Digitally signed by KRISHNA KRISHNA KUMAR KUMAR GANERIWALA GANERIWALA Date: 2025.01.07 18:31:32 +05'30' [K.K. GANERIWALA] EXECUTIVE DIRECTOR
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ANNOUNCEMENT ON ACQUISITION OF MISA S.R.L, ITALY
WPIL Limited European subsidiary Gruppo Aturia has acquired 100% shareholding of MISA ITALY, based in Arzignano, Italy on 7[th] January, 2025.
Misa is a leading Italian company in the business of large pumping station projects and supply of pumps and hydro turbines with a rich heritage dating back to 1901 and large reference list across Europe and North Africa.
This acquisition further strengthens Gruppo Aturia as a leading European supplier of large pumps and adds pumping station project capability enabling it to provide turnkey solutions to its markets.
“WPIL is excited by this acquisition and the opportunities it provides to offer turnkey project capability across Europe and the MENA region while further strengthening its competencies in supply of large pumps for water, irrigation and drainage with the addition of an excellent product range and client reference list” – Prakash Agarwal, Managing Director, WPIL Limited.
The transaction consideration has been paid in cash and the amount is not disclosed due to reasons of confidentiality. The sellers are not a related party.
FOR WPIL LIMITED
Digitally signed by KRISHNA KRISHNA KUMAR KUMAR GANERIWALA GANERIWALA Date: 2025.01.07 18:32:15 +05'30' [K.K. GANERIWALA] EXECUTIVE DIRECTOR
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