Empower India to acquire Valiance Engineers in all-equity transaction
Transaction to be structured as a 100% non-cash share swap via the preferential allotment of fresh equity shares of Empower India
Empower India, a technology and digital infrastructure firm, has reached an agreement with Mark AB Capital Private to acquire all of Valiance Engineers' equity shares. The transaction, valued at 100% through the issuance of fresh shares, will make Valiance Engineers a wholly-owned subsidiary of Empower India. This move aligns with Empower India's ongoing exploration of opportunities in emerging technology, infrastructure, and engineering-led businesses, as the company recently announced its strategic plans for sustainable digital infrastructure solutions.
Mark AB Capital, currently holding a 70% stake in Valiance Engineers, will become an equity shareholder in Empower India, merging institutional promoter-partner interests with the pursuit of long-term public shareholder value. Valiance Engineers boasts a well-established operating presence in Realty, Civil, Oil & Gas, and Public Infrastructure sectors.
Through its US subsidiary, Lauren Engineers & Constructors Inc, based in Texas, the deal offers Empower India access to global capabilities in modularization, process engineering, piping, instrumentation, and plant layout design. Rajesh Chavan, Empower India's Managing Director, views the proposed transaction as a value-enhancing milestone in the company's strategic roadmap.
By employing a share-swap framework, Empower India plans to expand its core operations into complex engineering and infrastructure sectors without putting its financial balance sheet at risk. Valiance Engineers is set to contribute its critical process engineering expertise, extensive domestic presence, and proven North American delivery capabilities through Lauren Engineers.
Written by urgent.news from Hindu BusinessLine's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
