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Elgi Equipments buys Italy based Rotair

, August 31, 2012, 0 Comments

Through a 100 per cent subsidiary incorporated in Italy, Elgi Compressors Italy, Elgi Equipments Ltd has acquired Italy-based  Rotair S.p.a.

Rotair is engaged in the design, manufacture and distribution of a range of compressors and allied products for the construction and industrial sectors. The company has an annual turnover of €15 million, and has market presence across Europe and other leading international markets.

The company will meet the investment cost through borrowings and by leveraging the balance sheets and does not intend to dilute its equity.

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