In a major move to expand its global footprint, Kilburn Engineering Ltd., a leading provider of industrial drying and heating solutions, has acquired Monga Strayfield Pvt. Ltd. for ₹123 crore. The acquisition will bolster Kilburn’s expertise in radio frequency (RF) drying and heating technologies, strengthening its position across key industrial sectors.
Strategic Expansion into RF Drying & Heating
Founded in 1968, Monga Strayfield Pvt. Ltd. is a pioneer in RF drying and heating systems with a strong customer base in the USA and Europe. The company specializes in sheet metal fabrication and provides cutting-edge solutions to industries such as textiles, packaged foods, and more.
With this acquisition, Kilburn Engineering Ltd. aims to enhance its technology portfolio, expand its global presence, and accelerate growth. The company anticipates the move will contribute approximately ₹80 crore to its topline and be margin accretive.
Leadership Perspectives on the Acquisition
Ranjit Lala, Managing Director, Kilburn Engineering Ltd., expressed confidence in the strategic benefits of the acquisition:
“We are thrilled to welcome the talented team at Monga Strayfield to the Kilburn family. This acquisition is a key milestone in our growth strategy, allowing us to integrate advanced RF drying and heating technologies into our portfolio. By leveraging Monga Strayfield’s expertise, we aim to drive new growth opportunities, create value for stakeholders, and reinforce Kilburn’s leadership in the global drying and heating solutions market.”
Amritanshu Khaitan, Director, Kilburn Engineering Ltd., highlighted the expansion into new verticals:
“This acquisition significantly enhances Kilburn’s capabilities, particularly in the fast-growing RF drying segment for textiles and packaged food industries. Additionally, Monga Strayfield’s strong presence in sheet metal fabrication will further strengthen Kilburn’s international market reach. With its strong operating margins and established customer base, this acquisition is expected to drive long-term value for our shareholders.”
A Game-Changer in the Drying & Heating Industry
With this strategic acquisition, Kilburn Engineering Ltd. is set to strengthen its position as a global leader in drying and heating solutions. The integration of Monga Strayfield’s RF technology into Kilburn’s portfolio will enable the company to cater to a broader market and drive innovation in industrial drying and heating applications.
