Bluspring Enterprises Limited to Acquire STEAG Energy Services (India) Private Limited

Bluspring Enterprises Limited to Acquire STEAG Energy Services (India) Private Limited​

Bluspring Enterprises Limited announced on March 20, 2026, that its wholly-owned subsidiary, Bluspring New Horizon One Private Limited, has entered into a Share Purchase Agreement with STEAG Energy GmbH and STEAG Energy Services (India) Private Limited for the acquisition of 100% of the paid-up share capital of STEAG Energy Services (India) Private Limited (SESI) on a fully diluted basis. Following the transaction, SESI will become a wholly-owned subsidiary of Bluspring Enterprises Limited. The agreement was executed on March 19, 2026.

The acquisition is not considered a related party transaction, and no promoter, promoter group, or group companies of Bluspring Enterprises Limited have any interest in the entities involved.

SESI, founded in 2001, is a provider of operations and maintenance, digital solutions, and engineering & management advisory services to the power and energy industry. SESI has two subsidiaries: STEAG Energy Services (Botswana) (Pty) Ltd., and STEAG O&M Company Private Limited. Upon completion of the acquisition, SESI's subsidiaries will become step-down subsidiaries of Bluspring New Horizon One Private Limited. SESI reported a turnover of INR 481 crores for the financial year ended March 31, 2025, a profit after tax of INR 27 crores for the same period, and a net worth of INR 201 crores as of March 31, 2025.

The acquisition is aligned with Bluspring Enterprises Limited's strategy to expand its industrial vertical. The company anticipates the acquisition will enhance its capabilities across the power services value chain and provide access to established client relationships and a platform for international expansion. The acquisition is expected to be margin and earnings per share accretive, enhancing the company's return on equity profile.

The acquisition is subject to approval from the Competition and Consumer Authority of Botswana. The acquisition process is expected to be completed within 120 days, contingent on the fulfillment of mutually agreed conditions. The total consideration for the acquisition is INR 180,00,00,000.



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