News - Part 6

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AUTOCAR PROFESSIONAL

Sustainable, energy efficient compressed air solutions take centre stage at Elgi Tech Day

20th December 2019

Elgi Equipments, which was in the news earlier this week for having acquired Michigan Air Solutions, has hosted its second Global Technology Day on the theme of ‘State of the Future Art’, in Coimbatore. The event saw participation from over 200 employees, academia, students from over 20 engineering colleges across India and industry thought leaders.

IPFONLINE.COM

Elgi Equipments launches oil free piston compressors at IREE for railways

23rd October 2019

Elgi Equipments, one of the world’s leading air-compressor manufacturers, exhibited its oil free range of piston compressors for the railway segment at the 13th International Railway Equipment Exhibition (IREE), Asia’s largest rail transportation event.

THE HINDU

Elgi acquires Michigan Air Solutions

17th December 2019

Elgi Compressors USA, a subsidiary of Elgi Equipments, has acquired Michigan Air Solutions in a move to expand its presence in the U.S. According to Jairam Varadaraj, MD of Elgi Equipments, this is an important step for the company to strengthen its position as a leading player in the global compressed air industry. The cost of acquisition is estimated to be approximately $6 million.

INDUSTRIAL AUTOMATION

Elgi Equipments launches Oil Free Piston Compressors at IREE

23rd October 2019

At the 13th International Railway Equipment Exhibition, the company reiterates commitment to driving reliability and performance for electric and diesel railway applications.

THE TIMES OF INDIA

Elgi acquires Michigan Air Solutions

17th December 2019

Elgi Compressors USA, Inc, a subsidiary of Coimbatore-headquartered Elgi Equipments Limited, a global supplier of compressed air solutions, on Tuesday announced its acquisition of Michigan Air Solutions, one of the largest independent air compressor distributors in Michigan, marking an important step that Elgi has taken to expand its presence in the US. The financial contours of the transaction were not divulged.

INDIAN BUSINESS REVIEW

Elgi Equipments launches oil free piston compressors at the 13th International Railway Equipment Exhibition

23rd October 2019

Reiterates commitment to driving reliability and performance for electric and diesel railway applications

BUSINESSLINE

Elgi Compressors acquires US-based Michigan Air

17th December 2019

Elgi Compressors USA, Inc, a subsidiary of Coimbatore-headquartered air compressor manufacturing major Elgi Equipments, has acquired Michigan Air Solutions, an independent distributor of air compressors in Michigan.

THIS WEEK INDIA

Elgi Equipments launches Oil Free Piston Compressors

22nd October 2019

Elgi Equipments (BSE: 522074 NSE: ELGIEQUIP), one of the world’s leading air-compressor manufacturers, exhibited its oil free range of piston compressors for the railway segment at the 13th International Railway Equipment Exhibition (IREE), Asia’s largest rail transportation event.

DT NEXT

Elgi buys US compressor distributor for Rs 42 cr

18th December 2019

Continuing its strategy of gaining in overseas market by acquiring distributors, Coimbatore-based compressor maker Elgi Equipments Ltd has bought Michigan Air Solutions (MAS) in the US for about Rs 42 cr ($6 mn), said a top official.

BUSINESS STANDARD

ELGi wins CII Design Excellence Award 2019

16th October 2019

City based Elgi Equipments, a leading air-compressor manufacturer, on Tuesday said it has won the 2019 CII Design Awards.

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