M&A Deal Summary

Electrotherm Acquires Hans Ispat

On June 1, 2010, Electrotherm acquired metals/mining company Hans Ispat

Acquisition Highlights
  • This is Electrotherm’s 1st transaction in the Metals/Mining sector.
  • This is Electrotherm’s 1st transaction in India.

M&A Deal Summary

Date 2010-06-01
Target Hans Ispat
Sector Metals/Mining
Buyer(s) Electrotherm
Deal Type Add-on Acquisition

Target

Hans Ispat

Kutch, India
Hans Ispat Ltd. is a manufacturer of steel billets.

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Buyer(S) 1

Buyer

Electrotherm

Ahmedabad, India

Category Company
Founded 1983
Sector Manufacturing
Employees2,610
Revenue 41.2B INR (2025)
DESCRIPTION

Electrotherm is a manufacturer of induction melting furnaces for mini steel plants and foundries. EIL has strong technology orientation and its focus on R&D has enabled it to be a world leader in innovations in induction furnace technology. EIL is also exporting furnaces and sees a huge opportunity in the Middle East, African region and CIS regions. Besides induction furnaces, EIL also manufactures ladle refining furnace and AOD furnace. Electrotherm was founded in 1983 and is based in Ahmedabad, India.


DEAL STATS #
Overall 1 of 1
Sector: Metals/Mining M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: India M&A 1 of 1
Year: 2010 M&A 1 of 1