KEC International on 6 September 2010 inked an agreement with SAE Towers
Holdings. The deal worth $95 million (approx Rs 441.75 crore) was signed for
acquiring 100 per cent stake in Houstan based SAE Towers.
SAE Towers is a manufacturer of steel lattice transmission towers, producing
1,00,000 tpa. It also makes steel poles for electrical transmission and related
hardware.
Sagent Advisors and Daiwa Capital Markets India were the financial advisers
to KEC for the deal, and Harris Williams & Co was the financial adviser to SAE
Towers.