Fabtech Technologies Cleanroom has increased its stake in Kelvin Air Conditioning & Ventilation Systems to 51%, effectively making Kelvin a subsidiary.
This strategic move aims to enhance Fabtech's capabilities in providing comprehensive cleanroom and HVAC solutions.
The development was disclosed in Fabtech’s Draft Red Herring Prospectus (DRHP), which was recently received in-principle approval from the Bombay Stock Exchange (BSE) on December 30, 2024.
According to the DRHP, the company initially held a 33.33% stake in Kelvin through Compulsorily Convertible Preference Shares (CCPS).
The acquisition aligns with Fabtech's strategy to offer comprehensive solutions
By combining its expertise in cleanroom technology with Kelvin’s proficiency in HVAC systems, Fabtech aims to provide more efficient and streamlined project execution
The current acquisition of an additional 18% equity stake, funded through proceeds from Fabtech’s forthcoming initial public offering, brings its total holding to a majority.
Established in 1991, Kelvin specialises in heating, ventilation, and air conditioning (HVAC) systems, particularly in the pharmaceutical and healthcare sectors.
The India-based company has a strong reputation for delivering high-quality, customised HVAC solutions tailored to the stringent requirements of these industries.
This synergy is expected to provide clients with more efficient, compliant, and high-quality solutions
The acquisition aligns with Fabtech's strategy to offer integrated solutions by combining its expertise in cleanroom technology with Kelvin's proficiency in HVAC systems.
This synergy is expected to provide clients with more efficient and streamlined project execution, ensuring compliance with international standards and regulations.
Fabtech Technologies Cleanroom is a provider of cleanroom solutions, offering design, engineering, and construction services to various industries, including pharmaceuticals, biotechnology, and healthcare.
The company is known for its commitment to quality and innovation, delivering state-of-the-art cleanroom environments that meet the evolving needs of its clients.
The integration of Kelvin into Fabtech's operations is anticipated to strengthen the company's market position and expand its service offerings, reinforcing its commitment to delivering comprehensive and high-quality solutions to its clients.