Mumbai: Power and infrastructure EPC services provider Kalpataru Power Transmission Ltd (KPTL) has signed a definitive agreement to acquire a 85% equity stake in Linjemontage i Grastorp AB (LMG) for an enterprise value of $24 million, the company said in a stock exchange filing on Monday.
LMG is an EPC (engineering, procurement and construction) firm headquartered in Grastrop, Sweden. It specializes in power supply solutions and services for electricity networks within the voltage range of 0.4-400 kv. The company operates in three main business areas, comprising substation, transmission and local networks and electricity network services, with revenues of around $75 million in 2018. It has presence in Sweden and Norway with an order book of around $77 million as on date, the filing said.
