WPIL shares surge over 4% following strategic acquisition in Europe

Shares of WPIL Limited rose over 4% to ₹752 in early trading today following the announcement of a key acquisition by its European subsidiary, Gruppo Aturia. The company finalized the acquisition of 100% equity in MISA S.R.L, an Italian firm specializing in large pumping station projects and hydro turbines, on January 7, 2025.

Strategic Expansion Through Acquisition:

• About MISA S.R.L: Established in 1901, MISA has a strong legacy in delivering large-scale projects across Europe and North Africa. Its expertise spans water, irrigation, and drainage sectors, making it a valuable addition to WPIL’s portfolio.
• Impact on Gruppo Aturia: The acquisition enhances Gruppo Aturia’s capabilities as a leading European supplier of large pumps and hydro turbines. It also strengthens its ability to offer comprehensive turnkey solutions.
• Regional Benefits: With MISA’s extensive product range and strong client references, WPIL expects significant growth opportunities in Europe and the MENA region.

Prakash Agarwal, Managing Director of WPIL Limited, highlighted the strategic benefits of the acquisition. “This deal marks a significant milestone in WPIL’s growth journey, expanding our turnkey project capabilities and solidifying our position in the European and MENA markets,” he said.