Pune: In a significant cross-border merger and acquisition (M&A) deal, Mascot Dynamics Pvt. Ltd. has acquired the Indian operations of BioPetroClean, an Israel-based cleantech company specializing in industrial wastewater treatment.
Mascot Dynamics Pvt. Ltd., was represented by Posiview Consulting, their advisors and BioPetroClean, was represented by USPI Consulting, their exclusive advisors. Mergerdomo facilitated the deal through their platform, bringing both parties together through a strategic agreement.
Strategic Expansion and Market Synergy
With this acquisition, BPC India will now operate as a part of Mascot Dynamics, leveraging Mascot’s established marketing network to accelerate growth. The company aims to double its revenue annually over the next four years.
BioPetroClean is a global leader in wastewater treatment, known for its patented technology that minimizes sludge generation and enables water recycling. Mascot Dynamics, a leading supplier of equipment and aftermarket products for sectors including oil refineries, petrochemicals, fertilizers, and specialty chemicals, will integrate BPC India’s technology to offer more sustainable solutions to its customers.
This acquisition helps Mascot increase the wallet share of their existing clients and enhances its product & service offerings. With reach across India, Mascot has already started receiving positive response and support from its customers. This acquisition will also help Mascot in strong margin expansion through high tech offerings.
“Mascot’s vision is to help process plants to operate in cleaner, efficient, uninterrupted way with support of technology. With this partnership with BioPetroClean, we are closer to our vision. We look forward to offer ecological and cost-efficient solutions to our customers through BPC India.” said Girish Kamath, CEO and Director of Mascot Dynamics, speaking on this development.
“BPC India’s service portfolio will be valued by our customers and further demonstrate our inorganic growth strategy. We want to pursue such value accretive M&A transactions in our endeavour to be Rs. 1000 crore company in next 3 years.”
David Amir, Founder and CEO of BioPetroClean said, “By harnessing BioPetroClean’s exceptional technological solutions alongside Mascot’s robust financial backing and strategic prowess, we are poised to significantly enhance our market presence in India.”
Shantanu Parvati, Co-Founder & Managing Director of USPI Consulting opined “This is a testimony of how another futuristic Israeli Tech married with the Indian Entrepreneurial zeal could unlock its true potential in accessing the myriad opportunities of the Indian market and emerge as a winning combination. This collaboration reinforces our ability to identify opportunities in advanced technologies and connect the right partners, facilitating the realization of the technology’s value creation potential.”
Vinit Deo, Managing Director of Posiview Consulting felt “This deal strengthens our conviction of identifying M&A opportunities for mid-market, fast growing Indian companies who want to capitalise on the USD 5 trillion India story”
Hormazd Charna, Founder & CEO of MergerDomo said, "This successful deal closure exemplifies the power of our platform in bringing together the right parties at the right time. Our goal is to help SMEs, Investment Bankers, and Investors connect seamlessly and close deals faster and more effectively."
