“With this acquisition, KSB Limited becomes the sole and exclusive owner and shall have rights to the Technology of the products manufactured by BP&CL,” said KBL.
BP&CL is a major manufacturer of a wide range of products including reciprocating pumps, centrifugal pumps, reciprocating compressors, and high-pressure seamless gas cylinders. KSB Limited SupremeServ, a dedicated segment of KSB Limited for aftermarket services, will handle this newly acquired venture to undertake spare parts business and service around 5000+ BP&CL products installed in various industries and locations across India.
Commenting on the acquisitionFarrokh Bhathena, Vice President of Sales and Marketing, KSB Limited said,“We are delighted to announce the technology acquisition of Bharat Pumps and Compressors. This acquisition will enable us to keep growing our pump business. This is a significant milestone in the company’s history as we take a step further to strengthen the ‘Make in India’ initiative whilst continuing to serve industries of national importance such as oil and gas exploration, refineries, nuclear power plants and other projects.“
“With this acquisition, KSB would leverage its existing strengths and market potential to expand its product line in both the new pump and aftermarket markets by utilising BP&CL’s technology,” said the company.
