INOX INDIA LTD.

Leaders advises INOX India on its acquisition of a majority interest in Cryogenic Vessel Alternatives
December 21, 2009

Leaders advises INOX India on its acquisition of a majority interest in Cryogenic Vessel Alternatives

INOX India Limited, India’s largest cryogenic engineering company, has acquired a majority interest in Cryogenic Vessel Alternatives (CVA), the world’s largest manufacturer of cryogenic transportation equipment. Together the entity becomes the second largest company offering cryogenic storage, transportation and distribution products for the global market.

Leaders LLC was retained by INOX to advise management on the company’s efforts to enter the US market and expand its global product offerings. After identifying CVA as one of the best candidates for INOX, Leaders initiated discussions with CVA and advised INOX throughout the negotiation, due diligence and documentation stages of the acquisition.  This acquisition was the culmination of an 18 month effort led by Leaders on behalf of INOX.

Mr. Parag P. Kulkarni, Director and CEO, INOX India said, “The completion of this acquisition by INOX India is a major step forward in our global strategy and represents an exciting future for both businesses.  This acquisition would have never come to fruition without the involvement of Leaders LLC.”