Conmat Group Acquires 100% Stake in KYB-Conmat
Equipment

Conmat Group Acquires 100% Stake in KYB-Conmat

Conmat Group, led by first-generation technopreneur Premraj Keshyep, has successfully acquired full control of KYB Conmat, a leading player in the concrete equipment sector, valued at Rs 3.3 billion. The acquisition involved buying back a 51 per cent stake from the company's joint venture (JV) partner, KYB Corporation, a Japanese giant with a $2.9 billion global presence in concrete machinery. As this was a privately negotiated inter-partner transaction, the financial details remain undisclosed.

KYB Conmat, a top contender in the Indian concrete equipment market, ranks as one of the three largest manufacturers of products like batching plants, paving machines, transit mixers, concrete pumps, and self-loading mixers. The acquisition was facilitated by global M&A advisory firm Singhi Advisors, with legal support from DSK Legal.

The JV was originally established in 2013 when KYB Corporation acquired a 51 per cent stake in Conmat Systems, which was a rapidly growing and profitable company. Over the past decade, the JV focused on manufacturing transit mixers using KYB's technology and other products developed by Conmat. During this period, the company's revenue grew sixfold. In a noteworthy move, the Indian company has secured a non-exclusive license from KYB, allowing it to continue using existing transit mixer technology. This ensures that the company can continue manufacturing its full product range for both the Indian market and international exports.

As India aims to become a developed nation by 2047, significant investments in infrastructure are driving increased demand for advanced construction equipment. The Indian concrete construction equipment market, currently valued at Rs 88 billion, is projected to grow to Rs 230 billion by 2029, with a compound annual growth rate (CAGR) of approximately 21 per cent. The "Make in India for the World" initiative is gaining momentum, positioning India as a key player in the $18.5 billion global concrete equipment market, which is expected to reach $25 billion by 2029. This growth is being driven by infrastructure development, urbanization, and the adoption of new technologies.

Conmat Group, with its strong design, development, and manufacturing capabilities, is well-positioned to capitalise on this growth. The company employs over 450 highly skilled professionals, along with more than 350 contractual workers. It also boasts an extensive network of over 200 Sales & Service Engineers, 10 domestic dealers, and 4 international dealers, supplying products across India and to over 25 countries worldwide.

Conmat Group, led by first-generation technopreneur Premraj Keshyep, has successfully acquired full control of KYB Conmat, a leading player in the concrete equipment sector, valued at Rs 3.3 billion. The acquisition involved buying back a 51 per cent stake from the company's joint venture (JV) partner, KYB Corporation, a Japanese giant with a $2.9 billion global presence in concrete machinery. As this was a privately negotiated inter-partner transaction, the financial details remain undisclosed. KYB Conmat, a top contender in the Indian concrete equipment market, ranks as one of the three largest manufacturers of products like batching plants, paving machines, transit mixers, concrete pumps, and self-loading mixers. The acquisition was facilitated by global M&A advisory firm Singhi Advisors, with legal support from DSK Legal. The JV was originally established in 2013 when KYB Corporation acquired a 51 per cent stake in Conmat Systems, which was a rapidly growing and profitable company. Over the past decade, the JV focused on manufacturing transit mixers using KYB's technology and other products developed by Conmat. During this period, the company's revenue grew sixfold. In a noteworthy move, the Indian company has secured a non-exclusive license from KYB, allowing it to continue using existing transit mixer technology. This ensures that the company can continue manufacturing its full product range for both the Indian market and international exports. As India aims to become a developed nation by 2047, significant investments in infrastructure are driving increased demand for advanced construction equipment. The Indian concrete construction equipment market, currently valued at Rs 88 billion, is projected to grow to Rs 230 billion by 2029, with a compound annual growth rate (CAGR) of approximately 21 per cent. The Make in India for the World initiative is gaining momentum, positioning India as a key player in the $18.5 billion global concrete equipment market, which is expected to reach $25 billion by 2029. This growth is being driven by infrastructure development, urbanization, and the adoption of new technologies. Conmat Group, with its strong design, development, and manufacturing capabilities, is well-positioned to capitalise on this growth. The company employs over 450 highly skilled professionals, along with more than 350 contractual workers. It also boasts an extensive network of over 200 Sales & Service Engineers, 10 domestic dealers, and 4 international dealers, supplying products across India and to over 25 countries worldwide.

Next Story
Infrastructure Transport

Leh Airport Goes Green

Leh Kushok Bakula Rinpoche Airport is set to become India’s first airport powered by geothermal and solar energy, marking a significant milestone in sustainable aviation. This initiative, undertaken at an estimated cost of Rs 6.50 billion, aligns with efforts to transform Ladakh into a carbon-neutral region. With airports being major energy consumers, this project represents a crucial step toward reducing carbon emissions in aviation infrastructure.  The airport’s innovative approach involves replacing conventional air-conditioning systems with underfloor heating using geothermal..

Next Story
Infrastructure Urban

CCI Clears Tata Sons' Additional Stake Buy in Tata Play from Baytree

The Competition Commission of India has approved the acquisition of certain additional shareholding in Tata Play (Tata Play) by Tata Sons (Tata Sons) from Baytree Investments (Mauritius).The Proposed Combination involves the acquisition of 10% shareholding in Tata Play by Tata Sons.Tata Sons is an investment holding company, which is registered as a core investment company with the Reserve Bank of India and classified as a “Systemically Important Non-Deposit Taking Core Investment Company”.Tata Play, formerly known as Tata Sky, is one of India’s leading content distribution platforms pro..

Next Story
Infrastructure Urban

DARPG Releases 31st CPGRAMS Report for February 2025

The Department of Administrative Reforms and Public Grievances (DARPG) has released the 31st monthly report on the Centralised Public Grievance Redress and Monitoring System (CPGRAMS) for States and Union Territories (UTs) for February 2025. The report provides insights into the volume of grievances received, disposal rates, and major grievance categories across different states and UTs. Key Highlights from the Report Grievance Statistics: A total of 52,464 grievances were received in February 2025. 50,088 grievances were redressed during the month. As of 28th February 2025, the total pen..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?