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Sika Interplant Systems Ltd. Company History and Annual Growth Details
1985 - Sika Interplant Systems Ltd was incorporated as an engineering company.
2006 - The company had decided to acquire all the undertakings of Spaceciti Projects by amalgamating Spaceciti Projects with the company, with effect from April 01, 2006.
- The board of directors of the company had adopted a fair exchange ratio of 1:26 for the amalgamation.
2007 - The board of the company had approved scheme of amalgamation of M/s. Spaceciti Projects Pvt Ltd with the company.
- The company had allotted 26,00,000 equity shares of Rs 10 each to the shareholders of M/s. Spaceciti Projects Pvt Ltd (SPPL) as per the scheme of amalgamation.
- Board of Directors of the company had approved the formation of a Joint Venture (JV) in India with Maccon GmbH, Germany for design, develop and manufacture Motion Control and Servo Systems for aerospace, automotive industry.
- Board of the company had also approved the investment of 51% equity in the joint venture.