Thursday, 2 January 2014

Kirloskar Brothers’ arm acquires remaining 40% holding in KBE

Kirloskar Brothers International B.V. Netherlands, a wholly owned subsidiary of Kirloskar Brothers, has acquired balance 40% holding in Kirloskar Brothers Europe B.V. (KBE), on December 31, 2013. As a result, Kirloskar Brothers Europe B.V. has now become 100% subsidiary of Kirloskar Brothers International B.V.

Kirloskar Brothers is engaged in manufacturing pumps. It is a part of $2.2 billion Kirloskar group and India’s largest manufacturer and exporter of pumps and valves.

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