Craftsman Automation has signed an MoU to acquire Sunbeam’s aluminium casting business, potentially boosting its FY26 revenue by 25%. Despite Sunbeam’s losses in FY23, a successful turnaround could significantly increase EPS (earning per share). Craftsman’s earlier acquisition of a 74% stake in DR Axion was highly EPS accretive, and plans to acquire the remaining 24% stake will further enhance EPS by 5%.
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