Siemens Completes Acquisition of C&S Electric in India
NewsBy MWM Desk•March 4, 2021
Siemens Ltd completed the acquisition of C&S Electric Ltd, a leading manufacturer of electrical and electronic equipment in India.
The acquisition addresses rising demand for low-voltage power distribution in India, apart from gaining access to the Indian market. The transaction also aims at establishing an export hub.
The Competition Commission of India’s regulatory approval was received on August 20, 2020, and the company has acquired 99.22% (approximately) of C&S Electric from its promoters for ₹ 2,100 crore.
For more information: www.new.siemens.com
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