Salasar Successfully Concludes the payment for acquisition of EMC Ltd

Salasar Techno Engineering Ltd. ("Salasar" or "The Company"), is a one stop engineering and infrastructure solution provider. The Company is engaged in providing turnkey EPC services for Railway and Power sectors and is also engaged in designing and manufacturing of telecom towers, Monopoles and other Heavy Steel Structures.

Salasar has effectively completed the payment of balance amount of Rs. 1,680 Mn for acquisition of EMC Ltd. (Formerly known as Electrical Manufacturing Company Limited). This demonstrates a pivotal moment in Salasar's continuous pursuit of expanding market presence and capabilities.

Commenting on the above status, the management team of Salasar said: "We are thrilled to announce the timely completion of the payment for the acquisition of EMC Ltd., marking a monumental milestone in our journey of strategic expansion. Our ability to swiftly settle the full amount underscores our commitment to executing our plans with precision and agility.

This acquisition represents more than just a business transaction; it symbolizes our dedication to inorganically expand into allied areas within the engineering and infrastructure solutions sector. By integrating EMC Ltd.'s capabilities into our operations, we are not only broadening our service offerings but also strengthening our market position and enhancing our ability to cater to the evolving needs of our clients.

Our decision to pursue this acquisition aligns seamlessly with our long-term strategic objectives. It reflects our confidence in the growth potential of the EPC industry and our readiness to seize opportunities that align with our vision for sustainable expansion.

The successful completion of the payment for the acquisition of EMC Ltd. is a testament to our unwavering commitment to creating value for our stakeholders. We are confident that this strategic investment will yield significant returns, further solidifying our position as a leader in the field of engineering and infrastructure solutions.

As we embark on this new chapter of growth, we remain focused on leveraging our combined strengths to drive innovation, deliver excellence, and achieve sustainable success. We are excited about the possibilities that lie ahead and look forward to realizing the full potential of this acquisition in the years to come."

Source : Equity Bulls

Keywords

SalasarTechnoEngineering EMC Acquisition