Shares of Jash Engineering Ltd rose 1.5% to touch a day’s high of Rs 588 on 10th July, after the company announced its plan to acquire 80% of WesTech Process Equipment India from WesTech LLC, USA, along with an additional 10% stake held by employees of the Indian entity.

The move marks Jash’s entry into the industrial process equipment segment. It complements its Shivpad Division in Chennai, which currently caters to the municipal sector.

The Indore-based firm aims to complete due diligence and sign the share purchase agreement by the end of August. The deal is expected to close by September or October 2025. The remaining 10% stake from employees will be acquired after three years at a pre-agreed valuation.

Jash said the bolt-on acquisition supports its growth strategy. It will expand its service portfolio. The combined FY25 turnover of WesTech India and Shivpad is projected to exceed Rs 100 crore. This will strengthen Jash’s position in the municipal and industrial water process equipment space.

As WesTech lacks its manufacturing facility, it will use Shivpad’s newly commissioned unit in Chennai. The deal also enables Jash to expand into industrial segments, including mining, metals, and paper.

In January, the company raised approximately Rs 41.58 crore through the issuance of convertible warrants and equity shares to a promoter and 20 non-promoter investors.

At 1:39 PM, the shares of Jash Engineering were trading 1.52% higher at Rs 582.90 on NSE.

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