Doshion Veolia acquires Kirloskar’s GEPL in cash deal

Ahmedabad based water management company Doshion Veolia has acquired Maharashtra’s Nagpur based Gondwana Engineering Pvt Ltd (GEPL) from Kirloskar Brothers for Rs 50 crore.

GEPL with turnover of Rs 60 crore specialises in engineering, procurement and construction of water treatment plants, mostly for government organizations.

After the acquisition, Doshion’s order-book will stand at close to Rs 600 crore according to Ashit Doshi, managing director of Doshion.

Doshion Veolia Water Solutions & Technologies is a 70:30 joint venture between the Ahmedabad-based company and French firm Veolia and works in the area of projects for water and waste water management facilities in industrial, municipal and infrastructure segments.

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