Elgi acquires Michigan Air Solutions
Elgi Compressors USA, a subsidiary of Elgi Equipments, has acquired Michigan Air Solutions in a move to expand its presence in the U.S. According to Jairam Varadaraj, MD of Elgi Equipments, this is an important step for the company to strengthen its position as a leading player in the global compressed air industry. The cost of acquisition is estimated to be approximately $6 million.
Elgi opens its new headquarters in Europe
Elgi Equipments (BSE: 522074 NSE: ELGIEQUIP), one of the world’s leading air-compressor manufacturers, announced the opening of its new European headquarters in Belgium.
Elgi acquires Michigan Air Solutions
Elgi Compressors USA, Inc, a subsidiary of Coimbatore-headquartered Elgi Equipments Limited, a global supplier of compressed air solutions, on Tuesday announced its acquisition of Michigan Air Solutions, one of the largest independent air compressor distributors in Michigan, marking an important step that Elgi has taken to expand its presence in the US. The financial contours of the transaction were not divulged.
Young and raring to go, Anvar Jay Varadaraj leads the product marketing team at ELGi Compressors USA, Inc.
He is one who is extremely clear about why he does not want to be in the limelight. In that context, being featured in this brand new section of the magazine
Elgi Compressors acquires US-based Michigan Air
Elgi Compressors USA, Inc, a subsidiary of Coimbatore-headquartered air compressor manufacturing major Elgi Equipments, has acquired Michigan Air Solutions, an independent distributor of air compressors in Michigan.
De-risking Elgi from over-dependence on Indian market helped: Varadaraj, MD
Air compressor manufacturer Elgi Equipments saw its consolidated sales from overseas markets grow during the first quarter this financial year.
Elgi buys US compressor distributor for Rs 42 cr
Continuing its strategy of gaining in overseas market by acquiring distributors, Coimbatore-based compressor maker Elgi Equipments Ltd has bought Michigan Air Solutions (MAS) in the US for about Rs 42 cr ($6 mn), said a top official.
Elgi sees growth in Q1 overseas sales
Air compressor manufacturer Elgi Equipments saw its consolidated sales from overseas markets grow during the first quarter this financial year.
ELGi Equipments acquires Michigan Air Solutions
ELGi Compressors USA, Inc., a subsidiary of Elgi Equipments Limited, a global supplier of compressed air solutions, announced its acquisition of Michigan Air Solutions, one of the largest independent air compressor distributors in Michigan on Tuesday.
ELGi Focuses On Building Efficient Compressors
ELGi Equipments, the leading air compressor manufacturer with a broad line of innovative and technologically superior compressed air systems, has been working on many fronts at a time. The company focuses on building energy saving compressors that give ‘quicker return’ on customer investments and works on to narrow the differences between oil lubricated and oil-free compressors.