Blue Star Acquires Stake In Oman Electro Mechanical Contracting

Industry:    2015-11-23

BSE listed Blue Star Ltd, today announced that it has acquired 51% stake in Oman Electro Mechanical Contracting Co LLC, for an undisclosed amount. The newly formed JV entity named Blue Star Oman Electro Mechanical Company LLC, will offer Mechanical, Electrical & Plumbing contracting services in Oman. Oman Electro operates as a 100% subsidiary of W J Towell & Co LLC, a business group with diversified interests in Oman including real estate, construction, consumer goods, automotive, engineering and services. Incorporated in 1943, Blue Star is engaged in manufacturing of central air-conditioning and commercial refrigeration company fulfilling the cooling requirements and providing end-to-end solutions as a manufacturer, contractor and after-sales service provider to corporate, commercial, institutional and residential customers. The company has six manufacturing facilities located at Thane, Bharuch, Dadra, Himachal and Wada. The operations of the company are categorized into the three segments a) Electro Mechanical Projects and Packaged Air-conditioning Systems (EMP) segment b) Cooling Products (CP) segment and c) Professional Electronics and Industrial Systems (PEIS) segment

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