Triveni Turbine Limited announced that its wholly owned subsidiary, Triveni Turbines DMCC (TTDMCC), Dubai, has signed a “Sale of Shares Agreement” to acquire the remaining 30% equity stake in TSE Engineering (Pty.) Ltd., South Africa. Once the transaction is completed, TSE will become a wholly owned subsidiary of TTDMCC and a wholly owned step-down subsidiary of Triveni Turbine.
The acquisition, valued at ZAR 10.97 million, will be completed through cash consideration and is expected to close by November 4, 2025.
TSE Engineering, incorporated in February 2015, specializes in high-precision engineering repairs and servicing of machinery used in sugar and other industrial plants across the South African Development Community (SADC) region. The company reported strong financial growth in recent years, with revenue rising from ZAR 38.56 million in FY23 to ZAR 108.68 million in FY25.
Triveni Turbine stated that the move aligns with its strategic objective to consolidate ownership and strengthen operational control over its overseas operations. The acquisition will simplify the group structure, enhance decision-making agility, and improve synergies across operations.
