Kirloskar Oil Engines Limited (KOEL) has announced the complete acquisition of Engines LPG, LLC, operating as Wildcat Power Gen, USA. This strategic move consolidates 100% ownership under its subsidiary, Kirloskar Americas Corporation, USA. The acquisition, completed on August 6, 2026 (US time), aims to streamline operations, enhance strategic decision-making, and facilitate the seamless integration of R&D, technology, and supply chains, bolstering North American expansion.
Full Consolidation of Wildcat Power Gen
Kirloskar Oil Engines Limited (KOEL) has successfully completed the acquisition of the remaining 49% stake in Engines LPG, LLC, doing business as Wildcat Power Gen, USA. This transaction, finalized on August 6, 2026 (US time), brings the total ownership of Wildcat Power Gen under KOEL’s wholly-owned subsidiary, Kirloskar Americas Corporation, USA, to 100%.
Strategic Rationale and Impact
The primary objective behind this full acquisition is to achieve consolidated ownership, enabling swifter strategic decision-making and more streamlined governance. This move is expected to facilitate the seamless integration of Research & Development, technology, and the global supply chain within Wildcat. Crucially, it provides Kirloskar Americas Corporation with enhanced operational flexibility to directly scale its expansion efforts in the North American market.
Transaction Details
The acquisition involved the purchase of 4900 units at a consideration of USD 31 per unit, amounting to a total cash consideration. The transaction was carried out on an arm’s length basis. Kirloskar Americas Corporation (KAC), which previously held a 51% controlling stake since November 29, 2023, now fully controls Wildcat Power Gen. The target entity, Wildcat Power Gen, is a U.S.-based manufacturer of original equipment (OEM) for gensets, with projected revenue of USD 4.71 million for FY 2026.
Business Overview of Wildcat Power Gen
Wildcat Power Gen operates as a specialized U.S. OEM providing EPA-certified commercial and industrial generator sets (gensets) and behind-the-meter power solutions across North America. Its key segments include Data Centers, Telecom, microgrids, emergency services, rentals, retail distribution, and utilities. The company’s core product lines feature the Optiprime and Optiprime Hybrid Power Systems, offering a range of 10 kW to 7.2 MW for natural gas and diesel applications, complemented by aftermarket services.
Source: BSE
