Jash Engineering Limited to Acquire Penstocks (UK) Limited
Jash Engineering Limited announced on April 3, 2026, that its subsidiary, Waterfront fluid controls Limited UK, has entered into a definitive agreement to acquire 100% of the stake in Penstocks (UK) Limited, Leicestershire, UK.The acquisition is valued at a cash consideration of £550,000. The acquisition is expected to be completed on or before June 30, 2026.
Penstocks (UK) Ltd designs, manufactures, supplies, installs, and commissions penstocks, stop logs, handstops, and valves for water and wastewater applications. The acquisition will enable Waterfront to establish a pan-UK presence, reinforcing its ability to support clients in marketing and servicing activities. Following the acquisition, Penstocks (UK) Ltd will become a step-down subsidiary of Jash Engineering Ltd.
According to the company, the acquisition is not a related party transaction and is being conducted at an arm’s length basis. No governmental or regulatory approvals are required for the acquisition.
| Sr. No. | Particulars | Details |
|---|---|---|
| 1 | Name of the target entity | Penstocks (UK) Limited, Leicestershire, UK |
| 2 | Related Party Transaction | No, the acquisition is not a related party transaction. |
| 3 | Industry | Penstocks (UK) Ltd designs, manufactures, supplies, install and commission a comprehensive range of penstocks, stop logs, handstops and valves for water and wastewater applications. |
| 4 | Acquisition Impact | This acquisition will help Waterfront to establish a pan UK presence. |
| 5 | Governmental/Regulatory Approvals | Not applicable |
| 6 | Completion Timeframe | On or before 30 June 2026 |
| 7 | Consideration | £550,000 |
| 8 | Cost of Acquisition | Not exceeding £550,000 |
| 9 | Shareholding Acquired | 100% |
| 10 | Products/Line of Business | Penstocks (Uk) Ltd designs, manufactures, supplies, install and commission a comprehensive range of penstocks, stop logs, handstops and valves for water and wastewater applications. |
| 10 | Country of Presence | UK |
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