Chennai, Feb 6 (.) Tube Investments of India Limited (TII), a leading player in the engineering and manufacturing
sector and part of the Murugappa Group conglomerate, on Friday announced its strategic entry into the metal injection
molding business.
Marking its initial strategic move in this direction, it has announced the execution of definitive agreements for acquisition
of 87% equity stake in Orange Koi Private Limited (Orange Koi) through a combination of primary infusion and secondary
acquisition, in one or more tranches, for a total sum of up to Rs 73 crore.
The proposed acquisition aligns with TII’s long-term growth strategy, as it continues to diversify into adjacent business
segments that complement its core strength, a company statement said this evening.
Currently, Orange Koi is engaged in manufacturing precision parts using specialized technologies including metal injection
molding and additive manufacturing.
The proposed investment will support Orange Koi’s expansion plans, including increasing its manufacturing capabilities.
Commenting on the acquisition, Mr. Mukesh Ahuja, Managing Director of TII, said “By combining TII’s engineering expertise
and strong customer relationships with Orange Koi’s cutting-edge specialized technologies and deep culture of innovation,
we are building a formidable platform that will deliver substantial value to our customers, while strongly positioning us at the
forefront of next-generation precision manufacturing.”
. GV 1725