Isgec Acquires Eagle Press & Equipment
Modern Manufacturing India, Isgec Heavy Engineering.
Isgec Heavy Engineering Ltd (Noida, India) has taken over Eagle Press and Equipment Co. Ltd, the Windsor, Ontario, Canada-based Press manufacturing company. It has acquired 100 percent shares of Eagle Press in line with its strategy to strengthen its Press portfolio and focus on the North American market. Eagle Press is now a wholly-owned subsidiary of Isgec Heavy Engineering. The initial purchase price paid is around `79 crore. An additional purchase price of up to around `33 crore may have to be paid based on performance of the acquired entity in the next two years.
As a leading North American Press Manufacturer Eagle Press & Equipment has over 60 years of experience in press machinery manufacturing. A range of hydraulic, mechanical, servo presses and standard presses are custom-design, manufactured and installed for various industries. Eagle’s highly skilled and innovative design team utilize state-of-the-art techniques, equipment and sound engineering to provide the most advanced presses available.
Isgec Heavy Engineering Ltd. is a multi-product, multi-location public company. They have continuously provided engineering solutions to customers around the world for the past 90 years. We rank 298 in the ET 500 listing, 294 in the Fortune India 500 listing.
What drives us is our motto – Engineering for Excellence. And we use our skills as qualified and experienced engineers to achieve excellence.
Excellence in all we do, so that our clients may achieve excellence in all that they do.
With 900 qualified engineers and as many technicians on board, we love the challenge of providing state-of-the-art, sustainable, sensible solutions to our vast and ever growing list of customers from around the world.