GMM Pfaudler Arm to Acquire Brazil's SEMCO Tecnologia; Shares Up 3%

MT Newswires Live

07/04

GMM Pfaudler (NSE:GMMPFAUDLR, BOM:505255), through its Brazil-based wholly owned subsidiary Pfaudler, has agreed to acquire a 100% stake in industrial machinery manufacturer SEMCO Tecnologia em Processos for $18.5 million, according to a Friday filing to the Indian stock exchanges.

The acquisition is expected to help strengthen GMM Pfaudler's mixing technologies platform and give it access to South American markets.

The transaction is expected to be completed in the second quarter of the financial year 2026.

The company's shares were up nearly 3% in recent trade.

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