DEE Development Engineers Limited has announced the acquisition of a 70% equity stake in Molsieve Designs Limited, marking a strategic expansion into hydrogen purification, ammonia cracking, and gas processing solutions. Additionally, Mr. Krishan Lalit Bansal (Promoter) has acquired a 15% stake in the company.
The acquisition, valued at ₹8 crore, aligns with DEE Development’s vision to enhance its pilot plant business and incorporate cutting-edge technologies in gas generation, purification, and storage solutions.
About Molsieve Designs Limited
Molsieve Designs Limited, founded on February 5, 2002, is an unlisted Indian company specializing in the manufacturing of chemical and industrial gas plants & equipment. The company operates in sectors such as hydrogen generation, gas purification, drying systems, and storage solutions, catering to industries that require advanced gas handling infrastructure.
The company reported the following turnover in recent years:
- FY 2023-24: ₹4.86 crore
- FY 2022-23: ₹4.03 crore
- FY 2021-22: ₹12.78 crore
Strategic Rationale Behind the Acquisition
DEE Development Engineers aims to expand its pilot plant business vertical by leveraging Molsieve’s capabilities in manufacturing hydrogen gas generation plants, ammonia cracking units, gas purification systems, and gas storage solutions. The acquisition will strengthen DEE’s ability to provide comprehensive process piping and gas solutions, particularly in the emerging hydrogen energy sector.
“Molsieve possesses advanced ammonia cracking and hydrogen purification technologies, which align perfectly with DEE’s vision to cater to the evolving needs of the hydrogen economy. This acquisition will create strong synergies, allowing us to enhance our expertise in gas processing and purification solutions,” the company stated.
Acquisition Details
- Stake Acquired by DEE Development Engineers: 70% (35,000 equity shares)
- Stake Acquired by Promoter Mr. Krishan Lalit Bansal: 15% (7,500 equity shares)
- Total Investment: ₹8 crore
- DEE Development’s Investment: ₹6.59 crore
- Promoter’s Investment: ₹1.41 crore
- Transaction Type: Cash consideration
Industry Impact and Future Prospects
With this acquisition, DEE Development Engineers strengthens its position in the hydrogen and industrial gas processing sector, enhancing its ability to cater to industries requiring sustainable and efficient gas handling systems. The acquisition is expected to accelerate DEE’s growth in the chemical, industrial gases, and energy transition markets, positioning it as a key player in India’s expanding hydrogen and gas solutions industry.