Power transmission contractor KEC International said on Tuesday it has signed a $95 million agreement to acquire SAE Towers Holdings from a unit of US-based private equity firm, Acon Investments. The acquisition, expected to close this month, would be on a cash-free, debt-free basis and would add to KEC International's earnings from 2010/11, the company said in a statement. The deal will strengthen KEC's foothold in the markets of North America and Latin America, where transmission and distribution spends are increasing, it said. […]