Lumax Resource completes acquisition of 60% stake in Greenfuel Energy's Alternate Fuel Business
Acquiring Company
Lumax FAE Technologies
Acquired Company
Greenfuel Energy Solutions
GurgaonGurgaonManufacturingAutomotiveManufacturingEnergyAutomotiveDescription
Lumax Resource, a subsidiary of Lumax Auto Technologies Limited, has successfully acquired a 60% stake in Greenfuel Energy Solutions' alternate fuel business, with a strategic focus on capitalizing on the growth expected in the CNG, hydrogen, and other alternate fuel applications. The acquisition represents a significant move for Lumax Resource, positioning it to expand its presence in the green and alternate fuels segment.
Quick answer
Lumax FAE Technologies is acquiring Greenfuel Energy Solutions, announced November 27, 2024. Lumax FAE Technologies is based in Gurgaon, Haryana, India.
- How much did Lumax FAE Technologies pay for Greenfuel Energy Solutions?
- The deal value was not disclosed.
- What does Lumax FAE Technologies do?
- Lumax FAE Technologies specializes in engine management and emissions technology, producing components such as oxygen sensors and ceramic sensing technologies.
- Where are Lumax FAE Technologies and Greenfuel Energy Solutions based?
- Lumax FAE Technologies is based in Gurgaon, Haryana, India. Greenfuel Energy Solutions is based in Gurgaon, Haryana, India.
- Who are the decision-makers at Lumax FAE Technologies?
- Fundz holds 2 contacts at Lumax FAE Technologies. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
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Frequently asked
Who acquired Greenfuel Energy Solutions?
Greenfuel Energy Solutions was acquired by Lumax FAE Technologies, based in Gurgaon. The deal was reported on November 27, 2024. Lumax FAE Technologies specializes in engine management and emissions technology, producing components such as oxygen sensors and ceramic sensing technologies. Lumax FAE Technologies is privately held and operates in Manufacturing.
When did Lumax FAE Technologies acquire Greenfuel Energy Solutions?
Lumax FAE Technologies's acquisition of Greenfuel Energy Solutions was reported on November 27, 2024. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Greenfuel Energy Solutions do?
At Greenfuel, innovation and sustainability merge to create a perfect synergy. We are an established name in the CNG market, and one of the largest suppliers of automotive components to OEMs for vehicles that run on Alternative Gas Fuels across India. It is privately held, operating in Manufacturing, and is based in Gurgaon.
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