Incorporated in 1963, Windsor Machines Ltd is in the business of manufacturing plastic processing machinery.
Windsor Machines Limited, a prominent name in the machinery sector, is set to acquire Global CNC Private Limited (GCPL), securing 100% of its equity share capital. This acquisition, valued at approximately Rs. 343.11 Crore, aims to bolster Windsor’s machine manufacturing capabilities by incorporating GCPL’s specialized expertise in Computer Numerical Controlled (CNC) technology, which is instrumental for precision engineering.
Key Acquisition Details
- Acquisition Scope: Windsor Machines Limited is acquiring full ownership of GCPL, a move that allows it to diversify its machinery portfolio.
- Consideration and Payment: The acquisition will be completed through a cash transaction.
- Completion Timeline: The acquisition is contingent on fulfilling conditions outlined in the Share Purchase Agreement, dated November 11, 2024. Necessary shareholder and regulatory approvals are required for completion.
About Global CNC Private Limited (GCPL)
GCPL, established in May 2021, operates out of Metoda GIDC in Rajkot, Gujarat. Despite its recent entry, the company has achieved notable growth in the manufacturing of CNC machines, used primarily in the automation of precision engineering for machine tools. CNC technology is highly valued for improving efficiency and accuracy in the manufacturing process, making it a critical asset for Windsor Machines’ operational strategy.
- Business Focus: Production of CNC machines tailored for precision engineering and automation.
- Financial Performance:
- Net Worth (as of March 31, 2024): Rs. 17 Crore
- Turnover: Rs. 162 Crore for FY24, up from Rs. 97 Crore in FY23, showcasing a rapid expansion trajectory.
- Initial Growth: FY22 saw no turnover, marking a sharp rise in revenue since its inception.
Strategic Rationale for the Acquisition
The primary motivation for Windsor Machines Limited in acquiring GCPL lies in expanding its product offerings to better serve customers’ needs for specialized, precision-engineered machinery. By integrating GCPL’s CNC manufacturing capabilities, Windsor Machines can enhance its market position, catering to a broader customer base with high-precision solutions. The addition of CNC technology is expected to support Windsor in achieving greater efficiency and possibly exploring new applications and industries within the machinery sector.
