“While our India growth strategy is likely to continue its growth momentum, the global inorganic strategy will add stimulus to growth scale and capabilities to our business. We firmly believe that adding these new growth levers will strengthen our fundamental capabilities apart from improving our earnings and financial returns,” informed Aron Govil, chairman, Ducon Infratechnologies.
He added, “As we approach closure of our merger activity, we are confident of Ducon Infratechnologies Limited being in a favoured position to achieve its targeted growth through a well-balanced organic and inorganic strategy.”
Ducon is eyeing to buy companies having annual sales ranging from $5?$50 million. It is potentially looking at companies predominantly in North America and Europe in similar or related market sectors and a strong market position.
“Preference to firms that are entrepreneurially driven ‘privately owned’, ideally with existing top management personnel in place and who are looking for a dynamic and financially robust growth platform, combined with a decentralised management model and entrepreneurial business environment,” said Ducon in a press release.
Ducon Infratechnologies provides solutions in the digital and infrastructure space to a variety of business segments across industries. In the infrastructure sector, it provides complete systems and executes turnkey projects across India and neighbouring regions in rural electrification, environmental control & material handling areas. In the digital space, Ducon provides distribution services to its clients related to distribution, marketing Initiatives, volume procurement and technical support.
Source: Business-Standard