Pramac Acquires Majority Of Captiva Energy Solutions

PR Industrial s.r.l., the Italian subsidiary of Waukesha-Wis.-based Generac Holdings Inc. that builds gen-sets under the Pramac brand, has acquired a majority interest in Captiva Energy Solutions Private Ltd.

Founded in 2010, Captiva Energy Solutions is headquartered in Kolkata, India, and specializes in customized generators. It is an authorized gen-set original equipment manufacturer of Perkins Engines Co. and was owned by The United Group, a diversified industrial company. Captiva has seven sales offices throughout India and more than 100 employees.

“Acquiring a majority interest in Captiva will be a great strategic fit for Pramac as we expand our power generation business footprint into India, one of the largest power generation markets in the world,” said Paolo Campinoti, Chief Executive Officer of PR Industrial SRL Pramac. “In addition, this acquisition will allow us to leverage our gas generator expertise into this growing market.”

Selling into over 150 countries through a broad distribution network, Pramac employs more than 700 people across five manufacturing plants and 17 commercial branches worldwide.

“This is a very exciting transaction for Captiva, as the combination of both companies creates a very strong partnership in the power generation market,” said Arijit Bose, founder and Chief Executive Officer of Captiva. “We are pleased to join the Pramac family and look forward to continued success.”

Bose is expected to remain a key shareholder of Captiva and, along with the company’s management team, will continue to lead the Captiva business.

Related Articles

Automated Transmissions For Chinese Commercial Vehicles
Eaton To Supply Engine Brakes To Yuchai
Deutz Expanding Middle East Distribution & Service
Twin Disc Breaks Ground On Facility In Texas
NFPA’s New Board of Directors
Roush To Build Autonomous Ag Robot Prototypes
E-ZOIl Acquires Emulso
Symboticware Opens U.S. Headquarters

Latest News

VMAC names Duifhuis OEM Division manager
EV Battery Lease Program Announced
Automated Transmissions For Chinese Commercial Vehicles
Epiroc USA appoints new GM, president
Eaton To Supply Engine Brakes To Yuchai
Twin Spin: Allison Buys Vantage Power And AxleTech’s EV Division
Paccar’s New President
Diesel Progress – April 2019
Thermo King, Chanje Partner For Last-Mile Refrigerated Deliveries

Magazine Issue Archive

Diesel Progress – April 2019
Diesel Progress International – March-April 2019
Diesel Progress – March 2019
Diesel Progress – February 2019
Diesel Progress – January 2019
Diesel Progress International – January – February 2019
Diesel Progress International – November – December 2018
Diesel Progress December 2018
Diesel Progress November 2018
Diesel Progress October 2018

Log In

Forgotten Password?

Haven’t got an account? Click here to register.