Recent times, the word Acquisition is buzzing all over the country, Inbound acquisition and outbound acquisitions number is increasing year on year(yoy) basis. One company Aditya Birla Group is in a high-speed acquisition mode. Three(3) Acquisitions in just four months that cumalatively cost $1.4billion( that is close to Rs.6,300 crore) are the signs a man looking for size and scale, and getting them in a hurry.
Kumar Mangalam Birla(43 yrs in age) chairman of the Aditya Birla Group(ABG) aims to more than double the revenue of his conglomerate to $65 billion(Rs.2.93lakhs crore approximately) by 2015 as per the recent press note released where the figures will take it to the current revenue of Tata Group.
Recent Acquisitions of Aditya Birla Group.
On 18th April, the group bough Swedish pulp and fiber maker Domsjo Fabriker for $340 Million(Rs.1530 crore). Earlier in same industry it took over Athloville and Nackawic in Canada, and Jingwei Fibres Company in China.
Note: Aditya Birla Group is the largest player in the Pulp and Fiber maker segment with 20% market share.
Earlier it also agreed to acquire the chloro-chemicals division(CCD) of Kilkata based Kanoria Chemicals & industries(KCIL) for Rs.830crore in cash.
Aditya Birla Group first deal of the year was the acquisition of Atlanta based Columbian Chemical Company for $875 million (Rs3975 crore) in January.
Other Recent Deals of Aditya Birla Group
Domsjo Fabriker for $340 Million.(April 2011)
Kanoria Chemicals for $184 Million(mn).
Columbian Chemicals $875 mn (Jan 2011)
Spice Telecom $600 mn (June 2008)
Novelis $5.7 bn (Feb 2007)
Tata's stake in Idea for $983 mn (April 2006)
Ultratech Cement $183 mn (May 2004)
 |
| Kumar Mangalam Birla, Chairman of Aditya Birla Group |
Recent Acquisitions of Aditya Birla Group.
On 18th April, the group bough Swedish pulp and fiber maker Domsjo Fabriker for $340 Million(Rs.1530 crore). Earlier in same industry it took over Athloville and Nackawic in Canada, and Jingwei Fibres Company in China.
Note: Aditya Birla Group is the largest player in the Pulp and Fiber maker segment with 20% market share.
Earlier it also agreed to acquire the chloro-chemicals division(CCD) of Kilkata based Kanoria Chemicals & industries(KCIL) for Rs.830crore in cash.
Aditya Birla Group first deal of the year was the acquisition of Atlanta based Columbian Chemical Company for $875 million (Rs3975 crore) in January.
Other Recent Deals of Aditya Birla Group
Domsjo Fabriker for $340 Million.(April 2011)
Kanoria Chemicals for $184 Million(mn).
Columbian Chemicals $875 mn (Jan 2011)
Spice Telecom $600 mn (June 2008)
Novelis $5.7 bn (Feb 2007)
Tata's stake in Idea for $983 mn (April 2006)
Ultratech Cement $183 mn (May 2004)
fiber mergers acquisitions
ReplyDeletedata center acquisitions
Hi,
ReplyDeleteThis is the perfect blog for anyone who wants to know about this topic. These are the most eminent financial organizations of the millennium. The Birla Group has consciously chosen this path, an expression……………..