Siemens Completes Acquisition of C&S Electric in India
NewsBy MWM Desk•March 4, 2021•1 min read
Editorial Highlights
- •Siemens Ltd has officially finalized its acquisition of C&S Electric to bolster its electrical equipment portfolio in the Indian market.
- •The acquisition will address the growing demand for low-voltage power distribution solutions across the region.
- •Siemens plans to leverage this investment to establish a strategic export hub in India for future business operations.
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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