Triveni Turbine has announced that its subsidiary, Triveni Turbines DMCC-Dubai (TTDMCC), has executed an agreement on October 31, 2025, to acquire the remaining 30% equity shares of TSE Engineering Pty. Ltd. (TSE). With this acquisition, TSE Engineering becomes a wholly-owned, step-down subsidiary of Triveni Turbine, consolidating ownership and streamlining operations in the South African Development Community region.
Full Ownership of TSE Engineering
Triveni Turbine announced that its wholly-owned subsidiary, Triveni Turbines DMCC-Dubai (“TTDMCC”), has acquired the remaining 30% equity stake in TSE Engineering Pty. Ltd. (“TSE”). The acquisition was formalized through a “Sale of Shares Agreement” executed on October 31, 2025.
Strategic Rationale
The acquisition of the remaining stake in TSE aligns with Triveni Turbine’s strategic objective to strengthen operational control over its subsidiary and consolidate its ownership. This move is expected to simplify the group structure and improve agility in decision-making, aligning with the Group’s long-term business goals.
TSE Engineering Overview
TSE is registered under the laws of South Africa. They specialize in high-precision engineering repairs and servicing machinery, particularly in sugar and other industrial plants within the South African Development Community region. In FY25, TSE recorded a turnover of ZAR 108.68 million, up from ZAR 57.45 million in FY24 and ZAR 38.56 million in FY23.
Transaction Details
The cost of acquisition for the remaining shares is ZAR 10.97 million. The acquisition is expected to be completed by November 4, 2025, and will be settled through cash consideration.
Source: BSE
