Grauer & Weil (India) Limited (BSE:505710) agreed to acquire Kamtress Automation Systems Private Limited from Poona Bottling Company Private Limited for INR 51 million on December 6, 2022. The consideration is paid in cash. Grauer & Weil (India) acquiring 1,50,000 Equity shares of amtress Automation Systems for price of INR 340.

Kamtress Automation has a turnover of INR 202.12 million of FY 2021-22. Post completion KAS become wholly owned subsidiary to Grauer & Weil. Board of Directors of Grauer & Weil approved the acquisition.

The transaction is expected to close on January 5, 2023.