WPIL through its European subsidiary GRUPPO Aturia S.p.A. has signed a definitive Sale and Purchase Agreement to acquire Finder Pompe S.r.l., a leading Italian Engineered pump supplier.
Finder had 2018 revenues of approximately 30 million Euros and is an important pump supplier to the high-end API pump market for the Oil & Gas sector. Finder was founded in 1952 and has built up an impressive installed base of pumps supplied to prominent clients such as Shell, Total, Saudi Aramco and Petronas.
GRUPPO Aturia and Finder enjoy tremendous synergies and post-integration would create a prominent Italian Engineered pump company.
Shares of WPIL LTD. was last trading in BSE at Rs.838.35 as compared to the previous close of Rs. 818.75. The total number of shares traded during the day was 3679 in over 260 trades.
The stock hit an intraday high of Rs. 838.35 and intraday low of 810.45. The net turnover during the day was Rs. 3042765.