Lloyd Electric & Engineering will acquire Luvata Czech SRO. BR Punj, Chairman and Managing Director, Lloyd Electric & Engineering said the acquired company has sales of 35 million euros with an EBITDA of 1.5 million euros. He added that revenues should start coming in by Q3 or Q4.

Excerpts from CNBC-TV18’s exclusive interview with BR Punj:

Q: Tell us about the financials of the company that you have acquired. For what sort of sum have you acquired it?

A: As far as the sales of this company are concerned, they are about 35 million euros with an EBITDA of about 1.5 million euros. As far as the deal of the sale is concerned, we are under a confidentiality agreement with the local regulations to not disclose it.

Q: What are the synergies coming out of this acquisition?

A: We have been looking at acquiring some overseas acquisitions. We have raised USD 25 million GDR about a couple of years back and were just waiting for a good opportunity. We have finally been able to find a good bargain in a company which is profit making and is the second largest in Europe.

This would give us a stepping-stone to the European market. There are some synergies, which are likely to be generated by this company and our company in India.

Q: When will the revenues start trickling in onto your books and in which quarter?

A: I think in Q3 or Q4. Once we bring both the books together it should be possible.