Standard Engineering to Acquire 19% Stake in Japanese Glass-Lined Process Equipment Maker

MT Newswires Live07-07 12:39

Standard Engineering Technology (NSE:SETL, BOM:544333) has agreed to invest 700 million Indian rupees in Japan-based glass-lined process equipment maker GL Hakko to acquire an initial 19.19% equity stake, according to a Monday filing to the Indian stock exchanges.

The Indian company's shares were up over 2% in Tuesday's trade.

Under the deal, Standard Engineering also has the right to increase its shareholding by a further 31.88% for 1.17 billion rupees to 51.07% over three years at the same per-share valuation.

Over the next two to three years, the companies intend to roughly double GL Hakko's revenue to 4 billion rupees.

GL Hakko plans to use the funds to increase capacity for glass-lined shell and tube heat exchangers as well as get equipment for semiconductor-grade chemical processes and a clean room for glass-lined equipment assembly.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2649606717?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-07-07 12:39","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2649606717","market":"us","top_or_hot":-1,"title":"Standard Engineering to Acquire 19% Stake in Japanese Glass-Lined Process Equipment Maker","media":"MT Newswires Live","content":"<html><body><p> Standard Engineering Technology (NSE:SETL, BOM:544333) has agreed to invest 700 million Indian rupees in Japan-based glass-lined process equipment maker GL Hakko to acquire an initial 19.19% equity stake, according to a Monday filing to the Indian stock exchanges.</p><p>The Indian company's shares were up over 2% in Tuesday's trade.</p><p>Under the deal, Standard Engineering also has the right to increase its shareholding by a further 31.88% for 1.17 billion rupees to 51.07% over three years at the same per-share valuation.</p><p>Over the next two to three years, the companies intend to roughly double GL Hakko's revenue to 4 billion rupees.</p><p>GL Hakko plans to use the funds to increase capacity for glass-lined shell and tube heat exchangers as well as get equipment for semiconductor-grade chemical processes and a clean room for glass-lined equipment assembly.</p></body></html>","source":"mtnewswires_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Standard Engineering to Acquire 19% Stake in Japanese Glass-Lined Process Equipment Maker</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStandard Engineering to Acquire 19% Stake in Japanese Glass-Lined Process Equipment Maker\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1092851196\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">MT Newswires Live </p>\n<p class=\"h-time\">2026-07-07 12:39</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p> Standard Engineering Technology (NSE:SETL, BOM:544333) has agreed to invest 700 million Indian rupees in Japan-based glass-lined process equipment maker GL Hakko to acquire an initial 19.19% equity stake, according to a Monday filing to the Indian stock exchanges.</p><p>The Indian company's shares were up over 2% in Tuesday's trade.</p><p>Under the deal, Standard Engineering also has the right to increase its shareholding by a further 31.88% for 1.17 billion rupees to 51.07% over three years at the same per-share valuation.</p><p>Over the next two to three years, the companies intend to roughly double GL Hakko's revenue to 4 billion rupees.</p><p>GL Hakko plans to use the funds to increase capacity for glass-lined shell and tube heat exchangers as well as get equipment for semiconductor-grade chemical processes and a clean room for glass-lined equipment assembly.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SMP","symbol_name":"Standard Motor Products Inc","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2649606717","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2649606717","pubTimestamp":1783399192,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1092851196","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"Standard Engineering Technology  has agreed to invest 700 million Indian rupees in Japan-based glass-lined process equipment maker GL Hakko to acquire an initial 19.19% equity stake, according to a Monday filing to the Indian stock exchanges.The Indian company's shares were up over 2% in Tuesday's trade.Under the deal, Standard Engineering also has the right to increase its shareholding by a further 31.88% for 1.17 billion rupees to 51.07% over three years at the same per-share valuation.Over the next two to three years, the companies intend to roughly double GL Hakko's revenue to 4 billion rupees.GL Hakko plans to use the funds to increase capacity for glass-lined shell and tube heat exchangers as well as get equipment for semiconductor-grade chemical processes and a clean room for glass-lined equipment assembly.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"SMP":"Standard Motor Products Inc","BK4124":"机动车零配件与设备"},"translate_title":"标准工程公司将收购日本搪玻璃工艺设备制造商19%的股份","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SMP":1.5},"content_text":"Standard Engineering Technology (NSE:SETL, BOM:544333) has agreed to invest 700 million Indian rupees in Japan-based glass-lined process equipment maker GL Hakko to acquire an initial 19.19% equity stake, according to a Monday filing to the Indian stock exchanges.The Indian company's shares were up over 2% in Tuesday's trade.Under the deal, Standard Engineering also has the right to increase its shareholding by a further 31.88% for 1.17 billion rupees to 51.07% over three years at the same per-share valuation.Over the next two to three years, the companies intend to roughly double GL Hakko's revenue to 4 billion rupees.GL Hakko plans to use the funds to increase capacity for glass-lined shell and tube heat exchangers as well as get equipment for semiconductor-grade chemical processes and a clean room for glass-lined equipment assembly.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"1","news_tag":"shareholding","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"isLaohu8Offline":false,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.45.2","shortVersion":"4.45.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2649606717","isCrawlerRequest":true}