Mumbai, September 14, 2010: KEC International Ltd.(“KEC”), an RPG Group company, announced today that it has signed a definitive share purchase agreement to acquire Jay Railway Signaling Private Limited (formally known as Jay Electrocom Industries), a Railways Signaling Automation Systems & Technology company. The company undertakes turnkey signaling contracts for the Indian Railways.
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Mumbai, September 6, 2010: KEC International Ltd.(“KEC”), today announced that it has signed a definitive agreement to acquire 100% of SAE Towers Holdings LLC (“SAE Towers” or the “Company”)from an entity affiliated with ACON Investments, L.L.C. (“ACON”), a Washington, D.C.‐based private equity firm, for USD 95 million (excluding adjustments for working capital) on a cash free, debt free basis.
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Mumbai, April 01, 2010 : KEC International, the transmission and project consulting company of the Rs 15,000 crore RPG Group, has announced the setting up of a state-of-the-art new Tower Testing station at Butibori, Nagpur. The test station is the largest of its kind in the world.
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