Jash Engineering has announced plans to acquire a 90 percent stake in WesTech Process Equipment India Private Limited (WPEIPL): 80 percent from WesTech LLC, USA, and an additional 10 percent from WPEIPL employees. The remaining 10 percent employee-held stake is slated for acquisition after three years at a pre-agreed valuation multiple. This strategic move expands Jash’s footprint into the industrial process equipment segment.
The combined turnover of WPEIPL and Jash’s Shivpad Process Equipment Division in Chennai is projected to exceed INR 1 billion in FY 25. The acquisition gains Jash access to mining, metals, and paper sectors, enhancing its position in both municipal and industrial water-processing markets.
WPEIPL currently lacks a manufacturing facility and will operate from Jash’s new Chennai plant, which is scheduled to commence commercial production in August 2025. This shared facility is expected to improve capacity utilization and expedite break-even for Chennai operations.
The share purchase agreement is expected to be signed by the end of August 2025, with the transaction likely to close in September or October, pending due diligence and regulatory approvals.
To support growth initiatives, Jash recently raised INR 415.8 million via convertible warrants and equity shares. With a robust order book and over half of its revenue derived from exports, the company is well-financed to execute the acquisition.
Describing the move as a “bolt-on” acquisition in line with its growth strategy, Jash said it would add a new service line and enhance its competitive position in the municipal and industrial water equipment sectors.
Jash Engineering Ltd, based in Indore, designs and manufactures equipment for water control and management. Its product offerings include gates, screens, valves, and other infrastructure equipment. The company has an expanding international footprint, deriving over 60% of its revenue from exports through subsidiaries like Rodney Hunt (USA), Waterfront Fluid Controls (UK), and others.