Isgec acquires Eagle Press & Equipment

Noida, India / Ontario, Canada – Isgec Heavy Engineering Ltd has taken over Eagle Press and Equipment Co. Ltd, the Windsor, Ontario, Canada-based Press manufacturing company. It has acquired 100 percent shares of Eagle Press in line with its strategy to strengthen its Press portfolio and focus on the North American market. Eagle Press is now a wholly-owned subsidiary of Isgec. The initial purchase price paid is around `79 crore. An additional purchase price of up to around `33 crore may have to be paid based on performance of the acquired entity in the next two years.

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