Thursday, January 4, 2007

Tega Industries to buy companies South Africa, Brazil

Kolkata-based engineering outfit Tega Industries is looking for acquisitions in South Africa and Brazil. It is in the final stages of acquiring Boruc, a South Af4rican company with a turnover of Rs. 60-70 crores. The company management has refused to divulge the financial details of the transaction.

The company also has initiated discussions with 2-3 outfits in Brazil for a joint venture or outright acquisition and expects the Brazilian venture to be finalized over the next couple of months. It currently has overseas marketing offices in eight countries and it is one of the leaders in mining equipments in the eastern region.

Read more on Tega Industries in Business Standard.

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