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Empower India Buys Valiance Engineers in Share Swap Deal
16 Sep
Summary
- Empower India to acquire Valiance Engineers through a non-cash share swap.
- Valiance Engineers expands Empower India's reach into oil, gas, and public infrastructure.
- Acquisition enhances Empower India's capabilities in sustainable digital infrastructure.
Empower India, a technology and digital infrastructure firm, has entered into a non-binding term sheet to acquire Valiance Engineers. The proposed transaction involves a 100% non-cash share swap, making Valiance Engineers a wholly-owned subsidiary of Empower India.
This acquisition aligns with Empower India's strategy to explore opportunities in emerging technology, infrastructure, and engineering-led businesses. The company recently announced an expansion into sustainable digital infrastructure solutions.
Valiance Engineers brings established operations across Realty, Civil, Oil & Gas, and Public Infrastructure. Its US subsidiary, Lauren Engineers & Constructors Inc., provides global capabilities in modularisation and process engineering.
The combined strengths are expected to bolster Empower India's expansion into high-density data centres and AI-driven energy transition projects. The share-swap framework allows for this growth without increasing Empower India's balance sheet leverage.
