KPTL acquires Fasttel Engenharia ltda., to strengthen its global T&D EPC business.

KPTL moves forwards to enhance its global position in T&D EPC business by acquiring Brazil’s Fasttel Engenharia Ltda.

Kalpataru Power Transmission Limited (KPTL), one of a leading global EPC player in the power and infrastructure contracting sector announced that its wholly owned subsidiary in Brazil namely Kalpataru Power do Brasil Participações Ltda. has signed definitive agreement to acquire controlling stake of 51 percent in Fasttel Engenharia Ltda., Brazil (Fasttel) for $ 8.80 Million (subject to customary adjustments).

Fasttel, founded in 1988, specialises in Engineering, Procurement, and Construction (EPC) and maintenance of power transmission lines, substation and distribution systems across various voltage ranges up to 750 kV. The Company mainly operates into three business areas, comprising of EPC of substation, transmission and distribution network services with revenue of around $ 47 Million in 2020 and has a profitable track record. The Company has presence in Brazil with an order book of around $ 95 Million as on date.

The acquisition of Fasttel is in line with KPTL’s strategy to strengthen its core EPC business and have greater geographical presence in stable and growing markets. The transaction is likely to close by end of first quarter of financial year 2022

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