Lloyd Electric up 4% on acquisition of Noske-Kaeser business

Trade

• Watchlist
• Portfolio
• Message
• Set Alert

 

 

Choose Stock Exchange: BSE LIVE NSE LIVE

26 Aug, 2025 12:21

Volume

Todays L/H

More

×

Moneycontrol BureauShares of Lloyd Electric and Engineering rose more than 4 percent intraday Monday as it has acquired rail and vehicle business of Noske-Kaeser group based in Germany, New Zealand, Australia, Brazil and the United States.The company has acquired 100 percent of assets relating to Rail and Vehicle business of Noske-Kaeser Group in Germany through the SPV formed in Hamburg, Germany. "It has also acquired 100 percent of the shares in Noske-Kaeser's Group companies located in New Zealand, Australia, Brazil and the United States after carve-out of the non-rail and vehicle business," as per BSE release.The company also acquired the exclusive and world-wide rights to use the trade mark Noske-Kaeser Rail & Vehicle from the group."The said acquisition has been made for a total cash consideration of Euro 23,01,000 which includes an upfront payment of Euro 20,01,000 and an earn out of upto Euro 3,00,000 payable in the next year," it added.Brij Raj Punj, CMD of Lloyd said, "This acquisition will be instrumental in achieving our strategic objective of enhancing Lloyd's market position in the global rail and defence HVAG systems business."At 10:01 hrs Lloyd Electric and Engineering was quoting at Rs 229.20, up Rs 5.60, or 2.50 percent on the BSE.Posted by Rakesh Patil