Pramac Acquires a Majority Interest in Captiva Energy Solutions
Pramac announced today the closing of a purchase agreement to acquire the majority share of Captiva Energy Solutions Private Limited.
Captiva Energy Solutions, founded in 2010 and headquartered in Kolkata, India, specializes in customized industrial generators. Providing a solution that meets international regulations and emissions, offering the most compact option in the market and an exceptional service network for their customer base are strong areas of focus. Captiva has 7 sales offices located throughout India and has over 100 employees.
Arijit Bose, founder and CEO of Captiva will remain a key shareholder and will continue to lead the Captiva business going forward, reporting to Paolo Campinoti, Chief Executive Officer of Pramac.
“Acquiring a majority interest in Captiva will be a great strategic fit for Pramac and Generac as we expand our power generation business footprint into India, one of the largest power generation markets in the world,” said Paolo. “In addition, this acquisition will allow us to leverage our gas generator expertise into this growing market.”
For additional information about Captiva, visit http://www.captivaenergy.co/