Puzzolana Group, Hyderabad-based manufacturer of infrastructure machinery, is looking at an acquisition in the United States.

"We are in talks. We might complete the acquisition in six months. We are looking at inorganic route to enter the American market," Abhijeet Pai, Director of Puzzolana Group, said.

He, however, refused to indicate the possible size of the acquisition. The firm has so far raised no funds and has no plans to tap the markets for funds.

Addressing a press conference here on Saturday, Pai said the firm has entered into an agreement with Tata International for entering the African market.

As part of the agreement, Tata International will distribute Puzzolana's crushing and screening units in the African continent.

"As the infrastructure business in Africa is growing, we aim to capture sizeable business there in the next three years. We will focus on the 120-600 tonne per hour capacity of crushing plants," Ananth Pai, Joint Managing Director of Puzzolana, said.

The firm claims 60 per cent market share in the domestic market and has registered over 70 installations in over 20 locations abroad.

(This article was published on March 25, 2017)
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