GMM Pfaudler to acquire Brazil-based SEMCO for Rs 158 crore
SEMCO, headquartered in São Paulo, Brazil, operates in the industrial machinery manufacturing sector. Founded in 1953, the company has over four decades of experience in industrial mixing technologies. It serves a broad range of industries such as metals and minerals, renewable fuels, water and wastewater treatment, and the chemical and petrochemical sectors. SEMCO also runs its own R&D and testing center.
The acquisition will be completed for a total consideration of USD 18.5 million (approximately INR 158 crore) on a cash and debt-free basis. GMM Pfaudler will fund the deal using internal accruals and debt. The acquisition does not involve any related party transactions and requires no regulatory approvals.
GMM Pfaudler aims to strengthen its mixing technologies portfolio and expand its presence in the South American market through this acquisition. SEMCO's annual net sales over the past three years were BRL 85.19 million in 2024 (INR 132.74 crore), BRL 72.98 million in 2023 (INR 120.72 crore), and BRL 70.48 million in 2022 (INR 107.25 crore), based on average exchange rates.
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Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at BusinessUpturn.com
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