Kalpataru Power completes buyout of Swedish firm Linjemontage
POWER & RENEWABLE ENERGY

Kalpataru Power completes buyout of Swedish firm Linjemontage

Kalpataru Power Transmission (KPTL) has completed the acquisition of the remaining 15 per cent stake in Sweden-based engineering procurement and construction company Linjemontage i Grastrop AB through its wholly-owned subsidiary Kalpataru Power Transmission Sweden AB (KPT Sweden), for $11.5 million (around Rs 910 million).

With this, KPTL has completed the 100% acquisition of the Swedish firm, which is engaged in power transmission and distribution, substation, and operation and maintenance of electricity network services. KPT Sweden already held 85 per cent equity stake in the target company.

KPTL said the acquisition will further strengthen its position in the Nordic market as Sweden and Norway are very attractive markets for transmission line infrastructure, since both have among the oldest grid networks. KPTL expects to gain from the increased investments on grid infrastructure and renewable energy in the Nordic markets.

The estimated equity value of the 15 per cent stake is approximately Swedish Krona (SEK) 121.2 million ($11 .5 million), and exact cost of acquisition will be subject to customary closing adjustments.

Linjemontage, together with its subsidiaries, has a presence in Sweden and Norway with an order book of around SEK 1.31 billion ($137.88 million).

Also Read:
NTPC REL, Gujarat Alkalies tie up for green energy
NTPC Group companies see 21.7% rise in power generation


Kalpataru Power Transmission (KPTL) has completed the acquisition of the remaining 15 per cent stake in Sweden-based engineering procurement and construction company Linjemontage i Grastrop AB through its wholly-owned subsidiary Kalpataru Power Transmission Sweden AB (KPT Sweden), for $11.5 million (around Rs 910 million). With this, KPTL has completed the 100% acquisition of the Swedish firm, which is engaged in power transmission and distribution, substation, and operation and maintenance of electricity network services. KPT Sweden already held 85 per cent equity stake in the target company. KPTL said the acquisition will further strengthen its position in the Nordic market as Sweden and Norway are very attractive markets for transmission line infrastructure, since both have among the oldest grid networks. KPTL expects to gain from the increased investments on grid infrastructure and renewable energy in the Nordic markets. The estimated equity value of the 15 per cent stake is approximately Swedish Krona (SEK) 121.2 million ($11 .5 million), and exact cost of acquisition will be subject to customary closing adjustments.Linjemontage, together with its subsidiaries, has a presence in Sweden and Norway with an order book of around SEK 1.31 billion ($137.88 million). Also Read: NTPC REL, Gujarat Alkalies tie up for green energy NTPC Group companies see 21.7% rise in power generation

Next Story
Infrastructure Energy

South West Pinnacle Wins Rs 30 Cr Oman Mining Contract

South West Pinnacle Exploration Ltd has secured a Rs 30 crore contract from Minerals Development Oman (MDO) for mining exploration in concession areas 12B and 13.The two-year project will be carried out via Alara Resources LLC, a JV in Oman. MDO, backed by Oman’s investment authorities, focuses on monetising mineral wealth.The contract covers copper, gold, and chromite and highlights South West Pinnacle’s growing footprint in international exploration and mining services. ..

Next Story
Equipment

Godrej GEG Boosts Intralogistics with AI and Green Tech

Godrej Enterprises Group (GEG) is revolutionising warehouse and factory logistics through its Material Handling Equipment and Storage Solutions arms by integrating AI, IoT, and automation.With 20–25% market share and 85% local sourcing, GEG champions Atmanirbhar Bharat and sustainability. The Chennai plant, a green manufacturing leader, uses RoHS-compliant materials and has slashed energy consumption by 60%.GEG serves e-commerce, FMCG, retail, and cold chains with high-performance racking and electric forklifts. Upcoming IoT-enabled forklifts and telematics solutions aim to improve speed, sa..

Next Story
Infrastructure Urban

Amit Shah Inaugurates Key Projects Across Gujarat

Union Home Minister Amit Shah inaugurated and laid the foundation stone for various projects in Gujarat’s Panchmahal district and Ahmedabad.In Godhra, he inaugurated the Center of Excellence building, sports complex, reservoir, and Miyawaki plantation. In Ahmedabad, he unveiled a new cooperative complex in Adaroda village and a primary school in Juwal.These projects, under the Model Co-op Village scheme, aim to boost education, sustainability, and rural development across the state. ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?