Kalpataru Power Transmission Ltd (KPTL), an EPC player in the power and infrastructure contracting sector, has signed a definitive agreement to acquire a 85 per cent stake in Swedish firm Linjemontage i Grastorp AB (LMG) for an enterprise value of $24 million.
Grastrop-headquartered LMG, founded in 1993, specialises in power supply solutions and services for electricity networks within the voltage range of 0.4–400 KV.
The company had posted revenues of around SEK 700 million (around $75 million) in 2018 and has a profitable track record, KPTL said in a statement.
