{"id":266324,"date":"2019-03-26T05:33:45","date_gmt":"2019-03-26T05:33:45","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=266324"},"modified":"2019-03-26T05:33:45","modified_gmt":"2019-03-26T05:33:45","slug":"kalpataru-power-buys-85-in-24-million-swedish-firm-to-enter-europe","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/kalpataru-power-buys-85-in-24-million-swedish-firm-to-enter-europe\/","title":{"rendered":"Kalpataru Power buys 85% in $24 million Swedish firm to enter Europe"},"content":{"rendered":"<p>Mumbai-headquartered engineering and construction company Kalpataru Power Transmission is in pact to buy 85% in Swedish powers solutions and systems company Linjemontage i Grastorp AB, with aim to expand in European market, the company\u2019s Executive Director Sanjay Dalmia told ET. <\/p>\n<p>Kalpataru Power\u2019s subsidiary in Sweden, Kalpataru Power Transmission Sweden AB, will buy the 85% stake for an enterprise value of $ 24 million (Rs 165 crore). It has the right to acquire the balance 15% stake later. <\/p>\n<p>\u201cWe have been active other overseas markets but not in Europe because we were not qualified. This acquisition will give us the qualification required to participate in projects in Sweden and other Scandinavian countries,\u201d Dalmia said. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mumbai-headquartered engineering and construction company Kalpataru Power Transmission is in pact to buy 85% in Swedish powers solutions and systems company Linjemontage i Grastorp AB, with aim to expand in European market, the company\u2019s Executive Director Sanjay Dalmia told ET. Kalpataru Power\u2019s subsidiary in Sweden, Kalpataru Power Transmission Sweden AB, will buy the 85% stake for an enterprise value of $ 24 million (Rs 165 crore). It has the right to acquire the balance 15% stake later. \u201cWe have been active other overseas markets but not in Europe because we were not qualified. This acquisition will give us the qualification [&hellip;]<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,239,136],"tags":[],"class_list":["post-266324","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-power-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/266324","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=266324"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/266324\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=266324"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=266324"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=266324"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}