+
Kaynes Technology Acquires Iskraemeco India
Technology

Kaynes Technology Acquires Iskraemeco India

Kaynes Technology, an established electronics manufacturer based in Mysore, has announced its acquisition of Iskraemeco India for Rs.430 million (approximately $5.13 million). Iskraemeco, known for its smart metering solutions, provides comprehensive services that include installation and maintenance. This strategic acquisition aims to strengthen Kaynes Technology’s position in the rapidly expanding energy sector, where demand for smart metering is on the rise due to the push for efficiency and advanced energy management.

In the fiscal year 2024, Iskraemeco India achieved a turnover of Rs.654.2 million (about $7.81 million), reflecting its solid market presence. By integrating Iskraemeco’s innovative solutions, Kaynes Technology plans to enhance its product offerings and service capabilities, positioning itself favorably in the competitive landscape of smart grid technologies.

The deal is expected to be finalized within 30 days following the signing of the share purchase agreement (SPA), marking a significant step for Kaynes Technology in expanding its footprint in the renewable energy and smart metering domains. The acquisition aligns with the broader industry trend toward digitization and modernization of utility services, catering to the evolving needs of consumers and energy providers alike.

Kaynes Technology, an established electronics manufacturer based in Mysore, has announced its acquisition of Iskraemeco India for Rs.430 million (approximately $5.13 million). Iskraemeco, known for its smart metering solutions, provides comprehensive services that include installation and maintenance. This strategic acquisition aims to strengthen Kaynes Technology’s position in the rapidly expanding energy sector, where demand for smart metering is on the rise due to the push for efficiency and advanced energy management. In the fiscal year 2024, Iskraemeco India achieved a turnover of Rs.654.2 million (about $7.81 million), reflecting its solid market presence. By integrating Iskraemeco’s innovative solutions, Kaynes Technology plans to enhance its product offerings and service capabilities, positioning itself favorably in the competitive landscape of smart grid technologies. The deal is expected to be finalized within 30 days following the signing of the share purchase agreement (SPA), marking a significant step for Kaynes Technology in expanding its footprint in the renewable energy and smart metering domains. The acquisition aligns with the broader industry trend toward digitization and modernization of utility services, catering to the evolving needs of consumers and energy providers alike.

Next Story
Technology

Six ways a smarter workflow leads to faster, more accurate bids

In today’s fast-paced civil construction environment, estimators need more than just solid numbers. They need smart, streamlined processes. This article explores six key ways connected workflows can transform the estimated approach, help in minimising risk, move faster, and improve accuracy. By integrating tools, data, and teams, one can produce stronger bids with less rework, fewer surprises, and more confidence. As an estimator, the job goes beyond producing numbers. They are responsible for delivering bids that are fast, accurate, and built to win. In today’s civil construction ind..

Next Story
Real Estate

Experion Launches Women-Only Co-Living Project in Greater Noida

Experion, part of Singapore-based AT Capital Group, has launched its first co-living space under its managed rental housing brand, VLIV, in Greater Noida. The all-women residence features 730 twin-sharing beds with a strong focus on safety, comfort, and well-being. VLIV has committed a $300 million investment to create a structured, service-led rental housing ecosystem in India. The brand aims to scale up to 20,000 beds in the next few years, with a long-term target of 100,000 beds nationwide. “India’s rental housing is fragmented. VLIV is our way of building long-term, dependabl..

Next Story
Infrastructure Urban

Officine Maccaferri Acquires CPT to Bolster Tunnelling Tech

Ambienta’s platform company, Officine Maccaferri S.p.A., has acquired CPT Group, a leading Italian developer of robotic prefabrication systems and digital control technologies for mechanised tunnelling. The move positions Maccaferri as a global player in integrated tunnelling solutions, blending traditional and advanced mechanised systems. Based in Nova Milanese, CPT serves major global contractors across Europe, Southeast Asia, and Australia. The company offers robotic prefabrication (Robofactory), productivity-monitoring software for Tunnel Boring Machines (TBMs), and eco-designed spa..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?