HLE Glascoat Limited has taken a major step to expand its global presence by acquiring the assets of Omeras GmbH in Germany. Omeras is a 187-year-old company known for its expertise in architectural facades, vitreous enamel coatings, and glass-fused steel tanks. With this deal, HLE is looking to tap into the fast-growing demand for renewable energy and sustainable infrastructure in Europe.
The timing of the acquisition comes as Europe increases investment in biogas and green construction under the European Green Deal. Omeras already has experience in supplying digestion tanks for biogas projects, with installations across countries like Italy and Saudi Arabia. These tanks are also in demand for water, wastewater, and grain storage, sectors expected to grow strongly in the coming decade.
HLE Glascoat is a leading Indian manufacturer of specialized process equipment for the chemical and pharmaceutical industries. The company has built a strong reputation in filtration, drying, and glass-lined equipment, supplying to marquee clients across the world. In recent years, HLE has also expanded into heat transfer equipment and diversified through acquisitions such as Thaletec GmbH in Europe and Kinam Engineering in India.
The Omeras deal is expected to add new product lines like large storage tanks, silos, biogas digestion units, and architectural panels. These products will reduce HLE’s dependence on its traditional pharmaceutical and chemical markets and provide entry into new infrastructure and renewable energy projects. The acquisition also includes Omeras’ 21,000 square meter facility in Germany, brand rights, technical know-how, and a healthy order book.
Financially, HLE Glascoat is in a strong position to support this expansion. In Q1 FY26, the company reported revenue of ₹28,394.7 lakh, a 25% year-on-year growth. Net profit after tax jumped 229% to ₹1,786.5 lakh, showing the benefit of a growing order book of nearly ₹739 crore. The company has maintained double-digit EBITDA margins, giving it the flexibility to invest in global growth.
Management believes the Omeras acquisition will become profitable within three to four quarters. The order pipeline of around €28 million indicates strong demand ahead. HLE expects Omeras to contribute revenues of €20-25 million in FY27, once operations stabilize.
The move also aligns with broader macroeconomic trends. Europe is actively diversifying energy sources away from Russian gas, with biogas investments expected to reach €28 billion in the coming years. Additionally, metro rail, tunnels, and other urban infrastructure projects are driving demand for enamel-coated panels. HLE is positioning itself to meet this demand with proven engineering capabilities and a growing global customer base.
From an economic point of view, the Omeras acquisition highlights how Indian engineering firms are moving up the global value chain. By entering niche, high-technology markets in Europe, HLE Glascoat is not just diversifying revenue but also enhancing India’s role in the global green energy and infrastructure economy.
