Kilburn Engineering announced on Wednesday the completion of its acquisition of M E Energy Private Limited, which specialises in waste heat recovery and waste heat reutilisation systems. The acquisition, effective February 20, 2024, was made for an aggregate consideration of Rs 98.70 crore.
In a statement, Kilburn said that the acquisition marks a significant milestone in its growth journey.
“This acquisition is a decisive step for Kilburn Engineering to emerge as a comprehensive solution provider in the field of thermal engineering and heat recovery systems. By integrating M E Energy’s expertise, Kilburn enhances its product offering for its existing diverse client base while gaining access to new industries and clients,” it said.
