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Elgi buys Australia’s Pulford for A$11 mn

1 AUG 2018

Air compressor manufacturer Elgi Equipments has acquired Pulford Air and Gas, an Australian company, at a total cost of Australian $11.04 million.

BUSINESS LINE

Elgi Equipments acquires Sydney-based Pulford Air & Gas

1 AUG 2018

Air-compressor maker Elgi Equipments today announced that it has acquired a 100 per cent shareholding of Sydney-headquartered F R Pulford and Son Pty Ltd for 11.04 million (Australian Dollars), about Rs 56 crore, in an “all cash deal.”

BUSINESS LINE

Elgi buys Sydney firm for ₹56 crore

1 AUG 2018

Coimbatore-based air compressor company Elgi Equipments has acquired 100 per cent shareholding in Sydney-headquartered Pulford, one of the largest distributors of industrial air compressors in Australia, in an all-cash transaction valued at A$11.04 million (about ₹56 crore).

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