Nitin Group has plans to go the inorganic route to register meaningful growth. For 2015, the company has plans to acquire European companies.
Nitin Group has plans to go the inorganic route to register meaningful growth. For 2015, the company has plans to acquire an European company, says Rahul Shah, Director, Nitin Group of Companies. He says a formal announcement for the same will take about a couple of months.
Below is the transcript of Rahul Shah's interview with Ekta Batra and Anuj Singhal on CNBC TV18.
Anuj: I believe you are targeting some acquisitions in Europe in 2015. If you could tell us the ticket size that you are looking at and by when can we see first acquisition from your company?
Shah: There are couple of things which we are looking at currently in terms of growth strategy and of which one is an acquisition. The size would range between USD 15 and USD 20 million.
Anuj: You are saying it is on the cards which could mean that you identified the company and you are in the process of that acquisition. Is that something that we can expect now over the next say 15-20 days?
Shah: Currently we have already identified a company and we are currently evaluating the options how we could integrate that into the system but would take still couple of months till the time we are actually about to announce it and take it forward.
Ekta: So are you already in negotiations with this company?
Shah: No, currently we are in the process of identifying and diligence is going on for that company right now.
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