Fabtech Acquires Majority Stake in Kelvin to Strengthen Cleanroom and HVAC Integration
- brg_news_room
- 9 minutes ago
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India: Fabtech Technologies Cleanroom has raised its stake in Kelvin Air Conditioning & Ventilation Systems from 33.33% to 51%, turning Kelvin into its subsidiary. The additional 18% equity acquisition, funded through proceeds from Fabtech’s upcoming initial public offering, was disclosed in its Draft Red Herring Prospectus (DRHP), which received in-principal approval from the Bombay Stock Exchange (BSE) on December 30, 2024. The move is part of Fabtech’s strategic plan to enhance its capabilities in delivering integrated cleanroom and HVAC solutions.
The integration of Kelvin's HVAC expertise with Fabtech's cleanroom technologies aims to ensure streamlined project execution and compliance with international standards. This acquisition is expected to expand Fabtech’s service offerings and strengthen its market position in delivering high-quality, customized solutions for critical environments across industries.
Source: Cleanroom Technology