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Conmat Group acquires 100 per cent stake in KYB Conmat Private Limited

The Conmat Group from Vadodara, Gujarat has acquired a 100 per cent stakein KYB Conmat Private Limited (KYB Conmat/Company), a prominent manufacturer ofConcrete Construction Equipment like Batching Plants, Paving Machines, TransitMixers, Concrete Pumps, and Self-Loading Mixers. The Share Purchase Agreementwas signed in this regard, and the process of share purchase was completed on 6thJanuary 2025.

The Joint Venture was formed in 2013 when KYB Corporation of Japan (KYB)acquired a 51 per cent stake in Conmat Systems Pvt. Ltd., and was operated as aJV company to produce transit mixers in India using KYB technology.

Under the current agreement, KYB has granted a non-exclusive license toallow the Company to continue using the existing transit mixer technology.

The Transit Mixer Market in India is in a transition phase and movingtowards higher carrying capacities. Further, there is a growing need to developand manufacture advance construction equipment to suit the Indian workingconditions. Identifying this need, Conmat Group decided to invest in theacquisition and leverage its Design and Development capabilities to manufacturehigher capacity machines.


Handle with care
To meet growing consumer demand for rental equipment,Godrej & Boyce will invest `100-croresin its Material Handling Business.




Godrej & Boyce, the flagship company of theGodrej Group, has announced that its business Godrej RenTRUST, a leading playerin the material handling rental industry, has planned to invest `100-croresin capital assets over the n   READ MORE...
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A game-changer for construction companies
Revolutionizing constructionwith Columbia Machine Engineering’s SPM-30 – Automated Block Plant for versatileconcrete products.



In the fast-paced world ofconstruction and infrastructure, innovative technologies are constantlyevolving to streamline processes, increase efficiency, and enhance the overallquality of building materials. One such groundbreaking product is   READ MORE...
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Setting new standards


Manitou has adaptedquickly to evolve and revamp the existing Backhoe range in terms of durability,reliability, productivity, and operator comfort. The new Manitou Backhoe Loadernow comes with a new and easier nomenclature – MBL – and in two variants – MBL 745S, and MBL 745HT S.

 

Manitou Group is aworldwide reference in the   READ MORE...