Kirloskar Oil Engines to acquire 49% stake in US subsidiary Wildcat Power Gen for USD 0.15 mn
Kirloskar Oil Engines Limited's subsidiary, Kirloskar Americas Corporation, will acquire the remaining 49% stake in US-based Wildcat Power Gen for USD 0.15 million. This acquisition, expected to complete by September 30, 2026, will make Wildcat Power Gen a wholly-owned subsidiary. Wildcat Power Gen reported USD 4.71 million in income for FY25-26.
The acquisition is strategic for consolidating ownership and expanding operations in North America, but the financial value is relatively small compared to the overall company size.
The acquisition of a remaining stake in a subsidiary to achieve full ownership and enable strategic expansion is generally viewed positively.
Kirloskar Oil Engines Limited (KOEL) has announced the approval of the acquisition of 4900 units (49% stake) of Engines LPG, LLC dba Wildcat Power Gen, USA. The acquisition will be made by Kirloskar Americas Corporation, USA (KAC), a wholly-owned subsidiary of KOEL, for a consideration of USD 31 per unit.
This transaction is part of KAC's plan to acquire the remaining 49% stake in Engines LPG, LLC. Following this acquisition, Engines LPG, LLC dba Wildcat Power Gen, USA will become a wholly-owned subsidiary of KAC and a step-down subsidiary of KOEL. The acquisition is expected to be completed by September 30, 2026, and is being conducted on an arm's length basis.
Engines LPG, LLC, a U.S.-based genset OEM incorporated in 2013, specializes in EPA-certified commercial and industrial generator sets. Its key segments include data centers, telecom, and microgrids. For the financial year 2025-26, Engines LPG, LLC reported a total income of USD 4.71 million (INR 44.9 Crore).
The acquisition aims to consolidate 100% ownership, enabling swift strategic decision-making, streamlined governance, and seamless integration of R&D, technology, and global supply chains. This move will provide operational flexibility to directly scale North American expansion.
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Kirloskar Oil Engines Limited filed this with the NSE as a statutory disclosure, categorised under acquisition. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Kirloskar Oil Engines Limited. Read the original for the full detail.