In a strategic move, Kilburn Engineering Limited has formed a joint venture with Eastend Technologies Private Limited. Under this arrangement, Kilburn will maintain a 60% stake, while Eastend Technologies will hold a 40% stake in the newly established entity.
Renowned law firm Khaitan & Co played a pivotal role as the legal counsel for Kilburn Engineering. Their expert team assisted in structuring the transaction, incorporating the joint venture, as well as drafting, negotiating, finalizing, and executing the definitive agreements that underpin the collaboration.
The dedicated transaction team from Khaitan & Co was led by Partner Shourya Sengupta, with significant contributions from Principal Associates Supallab Chakraborty and Vibhav Seth. Their comprehensive legal support ensured the seamless formation of the joint venture.
Kilburn Engineering, with nearly four decades of experience, is known for designing, manufacturing, supplying, installing, and commissioning a wide array of specialized process equipment. These services cater to a diverse range of applications and industries.
Eastend Technologies operates within the construction and civil contracting sector, providing essential construction services across various industries. The partnership aims to leverage the strengths of both companies to undertake projects focused on piping and structural fabrication, equipment erection, and pre-commissioning support. These projects will primarily serve industries in the oil and gas, fertilizer, petrochemical, and steel sectors.
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This joint venture signifies a strategic alignment between Kilburn Engineering and Eastend Technologies to enhance their capabilities and expand their market presence in these critical industrial sectors.
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