Bhel plans to acquire Hungarian boiler firm

Bharat Heavy Electricals Ltd (Bhel) is planning to acquire Hungary-based boiler maker TGR to establish a manufacturing facility in Europe. This is part of the company’s strategy to acquire companies in Europe and the United States to ramp up its manufacturing capabilities, acquire updated technology and wider market access. Once this acquisition is complete, the company plans to finalise a few more.

TGR has a strategic importance for the public sector entity as its acquisition will give Bhel a manufacturing base in Europe, from where it can supply the equipment and provide other services in the region. This is even as the PSU is expanding its manufacturing capacity to 15,000 MW by March 2010 and 20,000 MW by March 31, 2012 from 10,000 MW at the end of 2008-09.


more at:
http://www.financialexpress.com/news/Bhel-plans-to-acquire-Hungarian-boiler-firm/554099/