Tega

"With these two acquisitions, Tega stepped up its presence in Australia, South America, Africa and Asia, critical areas for natural resource production," said Preet Mohan Singh , executive director and head of industrials group at Avendus Capital Pvt. Ltd.

Tega to Get $40 Million Investment Harini Subramani of Mint 2011

Avendus advised Tega on the transaction and on the two earlier acquisitions.

Tega to Get $40 Million Investment Harini Subramani of Mint 2011

Tega Industries An image of rubber linings made by Tega Industries to be used as part of the grinding process in industrial mills.

Tega to Get $40 Million Investment Harini Subramani of Mint 2011

Tega will deploy the money from TA Associates at its existing facilities in Chile, he added.

Tega to Get $40 Million Investment Harini Subramani of Mint 2011

MUMBAI -- TA Associates Inc. of the U.S. will acquire a minority stake in Tega Industries, a Kolkata-based engineering company, for $40 million, said two people with direct knowledge of the matter.

Tega to Get $40 Million Investment Harini Subramani of Mint 2011

Tega's acquisitions earlier this year of Chile's Acotec SA and Australia's Losugen Pty are expected to take Tega's revenue to over 10 billion rupees.

Tega to Get $40 Million Investment Harini Subramani of Mint 2011

Tega makes products for use in mineral processing, material handling and grinding.

Tega to Get $40 Million Investment Harini Subramani of Mint 2011

The newer sections of Tega Cay, including LakeShore, Serenity Point and Stonecrest are served by Tega Cay Utility Department, already owned by the city.

Fort Mill Times | FortMillTime.com - HOMEPAGE 2010

All of the water utilities in Tega Cay could be owned by the city - eventually.

Fort Mill Times | FortMillTime.com - HOMEPAGE 2010

"The Tega Cay community can come together and enjoy a day of celebration," he said.

Fort Mill Times | FortMillTime.com - HOMEPAGE 2010