Indian equipment manufacturer Tega Industries Ltd. has entered into an agreement to acquire a stake in American Molycop, controlled by American Industrial Partners, for $1.5 billion. This is reported in a press release from Tega.
As part of the deal, Tega will acquire shares of Molycop as part of a consortium managed by Apollo Global Management Inc. Upon completion of the transaction, Tega Industries will own 77% of Molycop shares, while Apollo will own the remaining shares.
Tega Industries plans to raise $361 million to finance the deal and consider this issue at the company's board meeting on September 13, 2025.
The deal will expand the presence of Molycop and Tega in the market to 26 production sites. The transaction is expected to be completed in December 2025, subject to regulatory approval.
Tega Industries Limited is an Indian manufacturer of technological equipment and components for the mining industry. The headquarters is located in Kolkata (India) with production sites in North and South America, Europe, the Middle East, Africa, etc.
Molycop is an American manufacturer of equipment for the mining, railway and manufacturing industries. The headquarters is located in Omaha, Nebraska.
American Industrial Partners is an American private equity company. The company manages assets worth $28 billion. The headquarters is located in New York with a staff of 73 thousand employees.
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