Mold-Tek Technologies Expands US Presence with Acquisition of Florida-Based Engineering Firm

1 min read     Updated on 01 Nov 2025, 07:45 PM
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Shriram ShekharScanX News Team
Overview

Mold-Tek Technologies Limited has acquired a 100% stake in Beryl Project Engineering LLC, a Florida-based engineering services firm, through its subsidiary Beryl Engineering Inc. The acquisition, finalized on October 31, 2025, aims to strengthen Mold-Tek's presence in the US market. Beryl Project Engineering specializes in structural engineering, property inspections, and related services, with an annual revenue of approximately USD 5.60 million and 40 employees. The strategic move is expected to expand Mold-Tek's footprint in the US residential market, optimize project delivery costs, and enable cross-leveraging of technical capabilities.

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*this image is generated using AI for illustrative purposes only.

Mold-Tek Technologies Limited , an Indian engineering services company, has made a strategic move to strengthen its presence in the United States market. The company has announced the acquisition of a 100% stake in Beryl Project Engineering LLC, a Florida-based engineering services firm, through its wholly-owned subsidiary Beryl Engineering Inc.

Acquisition Details

The Equity Purchase Agreement (EPA) for this acquisition was executed on October 31, 2025. Upon completion of the transaction, Beryl Project Engineering LLC will become a wholly-owned subsidiary of Beryl Engineering Inc. and a step-down subsidiary of Mold-Tek Technologies Limited.

About Beryl Project Engineering LLC

Beryl Project Engineering LLC is a specialized engineering services company based in Florida, USA. Here are some key details about the acquired company:

Aspect Details
Annual Revenue Approximately USD 5.60 million
Employee Strength Around 40 employees
Specializations - Structural engineering and design for residential, commercial, and renovation projects
  • Property inspections
  • Reserve studies
  • Structural integrity assessments
  • Expert witness services
  • Permit certifications
  • Wind mitigation services |

Strategic Benefits of the Acquisition

The acquisition is expected to yield several operational and strategic synergies for Mold-Tek Technologies:

  1. Market Expansion: This move will allow Mold-Tek to expand its footprint in the U.S. residential market and diversify its presence in the U.S. engineering sector.

  2. Cost Optimization: The company aims to optimize project delivery costs by leveraging Mold-Tek India's design and drafting teams, potentially leading to improved operational efficiency and higher profit margins.

  3. Technical Synergies: The acquisition enables cross-leveraging of technical capabilities. Mold-Tek plans to offer its advanced BIM and structural engineering expertise to Beryl's clients, while also extending Beryl's inspection and certification services to Mold-Tek's international clientele.

Regulatory Compliance

Mold-Tek Technologies has duly informed the stock exchanges about this acquisition, in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

This strategic acquisition by Mold-Tek Technologies underscores the company's commitment to expanding its global presence and enhancing its service offerings in the engineering sector. As the integration process unfolds, stakeholders will be keenly watching how this move translates into tangible benefits for the company and its clients in the coming months.

Historical Stock Returns for Mold-Tek Technologies

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Mold-Tek Technologies Completes Acquisition of Beryl Engineering, Establishing Wholly-Owned Subsidiary

1 min read     Updated on 01 Nov 2025, 06:50 PM
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Reviewed by
Ashish ThakurScanX News Team
Overview

Mold-Tek Technologies Limited (MTTL) has finalized its investment in Beryl Engineering Inc., making it a wholly-owned subsidiary. MTTL invested USD 100,000 by subscribing to 10,000 shares at USD 10 each, resulting in 100% ownership. The company notified the BSE and NSE about this development on November 1, in compliance with SEBI regulations.

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*this image is generated using AI for illustrative purposes only.

Mold-Tek Technologies Limited (MTTL) has announced the successful completion of its investment in Beryl Engineering Inc., marking a significant corporate development for the company. This strategic move, initially disclosed on October 16, 2025, has resulted in Beryl Engineering becoming a wholly-owned subsidiary of MTTL.

Investment Details

The company has provided key details of the transaction:

Aspect Details
Investment Type Share Subscription
Number of Shares 10,000
Share Price USD 10.00 each
Total Investment USD 100,000.00
Resulting Ownership 100% (Wholly-owned subsidiary)

Regulatory Compliance

MTTL has adhered to regulatory requirements by promptly informing the stock exchanges about this development:

  • The company notified both the BSE and the National Stock Exchange of India Limited on November 1, 2025.
  • This communication was made in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Strategic Implications

While the specific strategic rationale behind this acquisition has not been detailed in the available information, such moves typically aim to:

  • Expand the company's operational capabilities
  • Enter new markets or strengthen existing market positions
  • Acquire valuable intellectual property or technological assets
  • Enhance the overall business portfolio

Looking Ahead

The acquisition of Beryl Engineering as a wholly-owned subsidiary could potentially open new avenues for Mold-Tek Technologies Limited. However, the full impact and future plans related to this investment remain to be seen as the company integrates its new subsidiary.

Historical Stock Returns for Mold-Tek Technologies

1 Day5 Days1 Month6 Months1 Year5 Years
-0.50%+2.84%+10.13%+40.23%-5.47%+285.98%
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