DEE Development Engineers Limited — JV/Acquisition, 28-01-2025: Acquisition

DEE Development Engineers Limited has entered into a Share Purchase Agreement to acquire 70% equity shares of Molsieve Designs Limited for a total consideration of ₹8.00 Cr. This strategic acquisition aims to enhance DEE's capabilities in the Pilot Plants sector by incorporating Molsieve’s technology for gas generation plants and hydrogen purification systems. This move positions DEE to better serve the evolving demands in the hydrogen sector, leveraging Molsieve’s expertise in manufacturing ammonia crackers and related systems. The acquisition is expected to drive operational synergies and bolster market positioning.