|Eagle Press Group|
ISGEC HEAY ENGINEERING ACQUIRES EAGLE PRESS & EQUIPMENT CO., CANADA
Capital Market September 19, 2018
Through its subsidiary, Isgec Canada Inc., ISGEC Heay Engineering, a public company based in Noida, India, acquired a 100% stake in Eagle Press & Equipment Co. Ltd and its group companies.
Eagle Press manufactures Hydraulic Presses, Mechanical Presses and related equipment and sells its machines to customers in the USA, Canada and Mexico. The turnover of Eagle Press & Equipment Co has been about Canadian Dollars 30 million.
Subsequent to the acquisition, the acquired company has been amalgamated with Isgec Canada Inc. and the amalgamated company has been renamed as Eagle Press & Equipment Company.