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McNally Bharat vies for English industrial pump maker
14 August 2010: McNally Bharat Engineering Company (MBECL) is holding discussions with the management of an English industrial pump manufacturer for outright acquisition.
MBECL is looking to acquire a technology-based engineering company in West Europe. According to sources, the target company having manufacturing unit near London has boiler feeding specialised pumps and deep-sea submersible pumps in its product portfolio.
MBECL, which has entered the water desalination business through a tie-up with Hiflux of Singapore, is looking to expand in water related technologies. Negotiations for the profit making target are at an advanced stage.
Source: Hindu Business Line