Salasar Techno Engineering Ltd (STEL) has successfully finalized the acquisition of EMC Ltd, marking a significant milestone in its growth trajectory. On Wednesday, STEL announced that it has disbursed Rs 168 crore as the balance payment to conclude the acquisition of EMC through an insolvency process. The total acquisition cost for the engineering, procurement, and manufacturing (EPC) firm stands at Rs 178 crore, as confirmed by STEL in a recent statement.
The acquisition process was initiated in March when Salasar Techno Engineering participated in an e-auction facilitated by the liquidator, culminating in the successful acquisition of EMC Ltd. This strategic move underscores Salasar’s commitment to expanding its footprint and diversifying its offerings in the engineering and infrastructure sector.
In a statement, Salasar Techno Engineering expressed satisfaction at the successful conclusion of the acquisition payment, highlighting the strategic significance of the integration of EMC Ltd into its portfolio. The acquisition is poised to strengthen Salasar’s market position, consolidating its standing as a leading player in the engineering and infrastructure domain.
The integration of EMC Ltd is expected to unlock synergies and enhance operational efficiencies for Salasar Techno Engineering, enabling the company to leverage EMC’s expertise and capabilities to drive sustained growth and value creation.
With the completion of the acquisition process, Salasar Techno Engineering is well-positioned to capitalize on emerging opportunities in the engineering and infrastructure landscape, further solidifying its position as a preferred partner for clients and stakeholders.
The successful acquisition of EMC Ltd reflects Salasar Techno Engineering’s strategic vision and commitment to driving sustainable growth and value for its shareholders, while simultaneously contributing to the advancement of India’s infrastructure development agenda.
