Kilburn Engineering has acquired Monga Strayfield for Rs 123 crore to strengthen its global footprint in industrial drying and heating solutions.
Monga Strayfield, a leader in radio frequency (RF) drying and heating technologies since 1968, has a strong customer base in the USA and Europe. The acquisition enhances Kilburn’s portfolio, particularly in textiles and packaged foods, aligning with its growth strategy.
Kilburn anticipates a Rs 80 crore revenue boost from the deal, which is expected to be margin accretive.