Water management solutions company Kirloskar Brothers (KB) today said it has acquired the South Africa-based Braybar Pumps, which manufactures high head multi-stage pumps primarily used in coal and gold mines.
The acquisition is done through KB's wholly-owned subsidiary Kirloskar Brothers International Netherlands.
The 90 per cent stake acquisition will provide KB immediate supply and service base for its products in the South African markets, a press release issued here today said. The company, however, did not disclose any financial details of the transaction.
Braybar Pumps is into high head multi-stage pumps in excess of 1,200-metres head for de-watering in copper, coal and gold mines and rubber lined slurry pumps. The rich mining experience of Braybar will also enable KB to set its footprints in the mining industry, the release added. PTI KCJ JJKirloskar Bros buys Braybar Pumps of S Africa
Mumbai, May 3(PTI) Water management solutions company Kirloskar Brothers (KB) today said it has acquired the South Africa-based Braybar Pumps, which manufactures high head multi-stage pumps primarily used in coal and gold mines.
The acquisition is done through KB's wholly-owned subsidiary Kirloskar Brothers International Netherlands.
The 90 per cent stake acquisition will provide KB immediate supply and service base for its products in the South African markets, a press release issued here today said. The company, however, did not disclose any financial details of the transaction.
Braybar Pumps is into high head multi-stage pumps in excess of 1,200-metres head for de-watering in copper, coal and gold mines and rubber lined slurry pumps. The rich mining experience of Braybar will also enable KB to set its footprints in the mining industry, the release added.