KBL acquires 90% shares in Braybar Pumps
Kirloskar Brothers Limited (KBL) has acquired 90% shares in Braybar Pumps (Proprietary) Limited, based in South Africa. The acquisition was done through KBL’s wholly owned subsidiary company Kirloskar Brothers International BV, Netherlands.
Braybar Pumps is a well known Company, operating since 1980. It is actively involved in manufacture of High head multistage pumps in excess of 1200 meters head for dewatering in copper, coal and gold mines and rubber lined slurry pumps. Braybar is also involved in repairs and servicing of various types of pumps, especially supply to Mining Industry. Braybar Pumps specializes in repairs of Split case pumps where they have a substantial market share.
Braybar Pumps has well established repair and in-house machining facilities. The acquisition would provide KBL immediate supply and service base, for its products in South African markets.
On the way forward, these facilities can be utilized for assembling various pumps required for the whole South African region as well as supporting KBL with white metal lined bearings which is another product that they manufacture.
The acquisition cost for the business of Braybar Pumps is Rs110 million.