Conmat Group, led by Premraj Keshyep, has acquired KYB Conmat, a leading player in the Indian concrete equipment market, valued at Rs 3.3 billion. The acquisition involved buying back a 51%.
Stake from the company’s joint venture (JV) partn. KYB Conmat is one of the three largest manufacturers of products like batching plants, paving machines, transit mixers, concrete pumps, and self-loading mixers. The acquisition was facilitated by Singhi Advisors.
Conmat Group, a prominent construction equipment manufacturer based in Vadodara, Gujarat, has acquired full ownership of KYB Conmat Private Limited, a significant player in India’s concrete equipment sector.
This acquisition was finalized on January 6, 2025, following the signing of a Share Purchase Agreement, wherein Conmat Group purchased the remaining 51% stake from its Japanese partner, KYB Corporation.
Background of the Joint Venture
The collaboration between Conmat Group and KYB Corporation commenced in 2013 when KYB acquired a 51% stake in Conmat Systems Pvt. Ltd., leading to the formation of KYB Conmat Private Limited.
This joint venture leveraged KYB’s advanced technology to manufacture transit mixers and other concrete construction equipment in India, positioning itself as one of the top three manufacturers in the country’s concrete equipment market.
Details of the Acquisition
Under the terms of the recent agreement, Conmat Group has reacquired the 51% stake previously held by KYB Corporation, thereby assuming complete control of KYB Conmat Private Limited. While the financial specifics of the transaction remain undisclosed.
The acquisition signifies a strategic move by Conmat Group to consolidate its position in the concrete equipment industry. Notably, KYB has granted a non-exclusive license to Conmat Group, allowing the continued use of its transit mixer technology.
Strategic Implications
This acquisition reflects Conmat Group’s commitment to enhancing its technological capabilities and expanding its product offerings in the construction equipment sector. By securing full ownership, the company aims to streamline operations, foster.
innovation, and better serve both domestic and international markets. The continued access to KYB’s transit mixer technology ensures that Conmat Group can maintain the quality and reliability of its products while exploring new avenues for growth.
Market Context
India’s concrete equipment market is poised for substantial growth, with projections indicating an increase from ₹88 billion to ₹230 billion within the next four years. This surge is driven by extensive infrastructure development and urbanization initiatives across the country. In this context.
Conmat Group’s strategic acquisition positions it advantageously to capitalize on emerging opportunities and meet the escalating demand for high-quality concrete construction equipment. The complete Conmat Private Limited by Conmat Group marks a significant company’s dedication to growth,
innovation, and excellence. As the sole proprietor, Conmat Group is well-positioned to leverage its enhanced capabilities to contribute meaningfully to India’s infrastructure development and establish a stronger presence in global markets.
Conmat Group has acquired a 100% stake in KYB-Conmat, gaining full ownership of the construction equipment manufacturing company. The move marks a significant shift, allowing Conmat to operate independently and strategically expand its market presence.
KYB-Conmat, previously a joint venture between Conmat and Japan’s KYB Corporation, specializes in manufacturing concrete equipment, road construction machinery, and material handling solutions. The acquisition enables Conmat to streamline decision-making, enhance product innovation, and cater to growing infrastructure demands in India and abroad.
With this transition, Conmat Group plans to invest in research and development, introduce new-generation machinery, and strengthen its distribution network. The company aims to leverage its expertise to expand its footprint in domestic and international markets while ensuring high-quality, reliable construction solutions.
Group Media Publication
Construction, Infrastructure and Mining
General News Platforms – IHTLive.com
Entertainment News Platforms – https://anyflix.in/
Legal and Laws News Platforms – https://legalmatters.in/
Podcast Platforms – https://anyfm.in/
%20/23%20cimr%204.jpg "India is selected to host the ICCC Conference in 2027.")