Elgi Equipments Ltd's Elgi Compressors USA Inc Acquires Patton's Inc-Business Standard
Business Standard reported that Elgi Equipments Ltd has acquired 100% stake in Patton’s Inc, a closely held company based in Charlotte, USA. The Company did not disclose the value of the acquisition. The acquisition, advised by MAPE Advisory Group, has been done through Elgi’s wholly owned US subsidiary, Elgi Compressors USA Inc. The existing management team of Patton's will continue to manage the operations.
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