Elgi Equipments goes down under with Pulford buy

Elgi Equipments is currently on a business mission of becoming a leading player in the global air-compressor business by 2027. This strategic acquisition made by Elgi is in fact a significant step the company has made in Australia to expand its footprint in the whole region. 

Through this acquisition, Elgi gains access to a national pool of customers to grow sales and service in Australia.  Pulford is one of the largest distributors of industrial compressors in Australia and has been in the business for nearly 100 years. The company has reported an annual turnover of AUD 14.5 mn during the financial year 2015-16, AUD 15.8 mn during 2016-17 and AUD 18 mn during 2017-18. Elgi will gain 100% of the shareholding and control of Pulford. 

Dr Jairam Varadaraj, MD, Elgi Equipments said, “It is the integration of two customer centric organisations with the intent to gain a leadership position in the Australian market.” Tom Fyfe, MD, Pulford said “It means Pulford and Advanced Air have the stability of great products, class leading design and engineering and support from a world class OEM.”