India, June 12 -- Aeroflex Enterprises Limited (formerly known as SAT Industries Limited) announced that its subsidiary, M.R. Organisation Ltd., has acquired a 51% equity stake in ABP Impex, a Portugal-based company specializing in high-pressure compressor services. The acquisition was executed through M.R. Organisation's USA subsidiary as part of a strategic initiative to strengthen its presence in the global compressor market.
ABP Impex, known for its strong technical capabilities and robust EBITDA margins, manufactures and services a wide range of high-pressure compressor components. This acquisition is expected to significantly enhance M.R. Organisation's aftermarket and service capabilities across key international markets.
The deal ...