Acquisition History / Tube Investments of India Ltd / Kcaltech System India Pvt Ltd (67%)
Tube Investments of India Ltd Acquires Kcaltech System India Pvt Ltd (67%)
Announced November 28, 2024 — $7.0M
What happened
Murugappa Group's Tube Investments of India signed a definitive agreement to subscribe to a 67% equity stake in Kcaltech System India, the Indian arm of South Korea's KC Altech, for Rs 62 crore. KCAL India makes aluminium tubes and parts used in automotive heating, ventilation and air conditioning systems. The investment also funds the target's manufacturing capacity expansion.
- Acquirer
- Tube Investments of India Ltd
- Target
- Kcaltech System India Pvt Ltd (67%)
- Announced
- November 28, 2024
- Price
- $7.0M
- Industry
- Automotive HVAC aluminium tubes
- Buyer type
- Strategic acquirer
- Status
- Announced, not yet closed
By the numbers
Frequently Asked Questions About This Acquisition
When did Tube Investments of India Ltd acquire Kcaltech System India Pvt Ltd (67%)?
Tube Investments of India Ltd acquired Kcaltech System India Pvt Ltd (67%) on November 28, 2024. This was Tube Investments of India Ltd's 1st publicly tracked acquisition out of 1 we have on record.
How much did Tube Investments of India Ltd pay for Kcaltech System India Pvt Ltd (67%)?
Tube Investments of India Ltd paid $7.0M for Kcaltech System India Pvt Ltd (67%).
What does Kcaltech System India Pvt Ltd (67%) do?
Murugappa Group's Tube Investments of India signed a definitive agreement to subscribe to a 67% equity stake in Kcaltech System India, the Indian arm of South Korea's KC Altech, for Rs 62 crore. KCAL India makes aluminium tubes and parts used in automotive heating, ventilation and air conditioning systems. The investment also funds the target's manufacturing capacity expansion.
What other Automotive HVAC aluminium tubes companies has Tube Investments of India Ltd acquired?
Kcaltech System India Pvt Ltd (67%) is Tube Investments of India Ltd's only publicly tracked acquisition in Automotive HVAC aluminium tubes so far.