Archive · 9 Aug 2025
Symphony Ltd Plans Mexico, Australia Business Divestment
Symphony Ltd, an air cooler company, is selling its businesses in Mexico and Australia.
They plan to finish this by the end of this year or early next year.
They want to focus on growing in India and other countries like the USA and Europe.
Even after selling, Symphony will keep selling its products in Mexico and Australia, but other companies will make them.
Symphony bought the Australian business in 2018 and the Mexican one in 2008.
Symphony Ltd is looking to divest its businesses in Mexico and Australia.
The company aims to complete the divestment by the end of the current or early next fiscal year.
Nrupesh Shah, Managing Director, stated that there is international interest in the businesses.
Symphony will continue selling products in Mexico and Australia through white-labeling.
The company acquired Climate Technologies (Australia) in 2018 and IMPCO (Mexico) in 2008.
- Who
- Symphony Ltd
- What
- Symphony Ltd is divesting its businesses in Mexico and Australia.
- When
- By the end of the current financial year or early next fiscal year.
- Where
- Mexico and Australia
- Why
- To refocus on growth in India and key export markets.
- Company
- Symphony Ltd
- Industry
- Electronics and Home Appliances
- Divestment Locations
- Mexico and Australia
- Acquisition Year (Australia)
- 2018
- Acquisition Year (Mexico)
- 2008