With this acquisition, the company hopes to continue serving various industrial sectors including oil, power, metals and mining.
Published: August 24, 2021 05:45 AM | Last Updated: August 24, 2021 05:45 AM | A+A A-
IMC Swarnaa Ventures Pvt Ltd Chairman Bimal Mehta and Co-Chairman VSV Prasad announce the acquisition of shares in Trillium Flow Technologies India Pvt Ltd
HUBBALLI: IMC Swarnaa Ventures Private Limited, a joint venture between Hubballi-based IMC and the Swarnaa Group of Companies, announced the successful acquisition of a 100% stake in Trillium Flow Technologies India Private Limited.The company is a leader in the manufacture of ball valves, butterfly valves, diaphragm valves, safety relief valves and plug valves under the famous “BDK Valves” brand.
Trillium Flow technology serves well-known clients such as Reliance, Adani, ONGC, HMEL, NTPC, JSW, L&T, GE, Doosan, Siemens, Ion Exchange, and international clients such as ABB Alstom, Hitachi and Honeywell.With this acquisition, the company hopes to continue serving various industrial sectors including oil, power, metals and mining.
In 2010, the Indian company BDK Engineering Industries Ltd was acquired by Wier Engineering services and subsequently renamed Trillium Flow Technologies India Private Limited.Bimal Mehta, Chairman, IMC Swarnaa Ventures, said: “The acquisition of Trillium is a unique transaction that brings a pioneering leader in valve manufacturing back into Indian hands. We look forward to bringing the capabilities of IMC Swarnaa to the Trillium team. combination of talent and expertise.”
Ch VSV Prasad, Co-Chairman of IMC Swarnaa Ventures, said: “With this acquisition, we are confident in taking Trillium to the next level and restoring the company’s earlier reputation with the support of our employees, customers and all other stakeholders. IMC Group The combination of 56 years of metals trading experience and the Swarnaa Group’s RDSO standard manufacturing expertise will bring unparalleled growth to the new acquisition.”
“We believe that through our customer-centric approach, we will successfully meet our customers’ expectations and multiply our orders and sales over the next six months,” said Shyam Mehta, Director, IMC Swarnaa.
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Post time: Apr-14-2022
