Blue Star to acquire plumbing, fire services firm D S Gupta Construction
31 May 2010
Mumbai-based airconditioning and commercial refrigeration products maker Blue Star today said it plans to acquire the largest independent plumbing and fire fighting contracting company in India, D S Gupta Construction Pvt Ltd, as a going concern.
The transaction is subject to customary closing conditions being met and Blus Star expects to complete the transaction by 15 July 2010.
Blue Star said the acquisition would enable it to strengthen its electro mechanical projects business, with the promoters of D S Gupta continuing to manage the business "for the foreseeable future".
In several of the stand-alone airconditioning jobs that Blue Star has executed in the past, D S Gupta Construction has been the plumbing and fire fighting contractor.
"This move will fortify an important pillar in Blue Star's integrated mechanical, electrical, plumbing and fire fghting (MEP) contracting offering for its commercial and residential real estate customers," Blue Star said in a statement.
Blue Star had been developing in-house plumbing and fire fighting contracting skills and had executed plumbing and fire fighting contracting projects such as Delhi Airport Metro Express Line; Hotel Shangri-La, Mumbai; ESIC Hospital, Mumbai, Hotel Park Hyatt, Chennai and Sea Valley Resort, Vizag.