Crompton Greaves receives binding offer for B2B Automation Business

Crompton Greaves received a binding offer from Alfanar for the acquisition of its B2B Automation Business, comprising ZIV Aplicaciones y Technologia and related automation businesses, at an enterprise value of EUR 120 million. Completion is expected by 31 January 2017.

“Crompton Greaves announced that it has received a binding offer for acquisition of the Company's B2B Automation Business.”business-standard.com

• 2 sources
• business-standard.comCrompton Greaves receives binding offer for acquisiton of its B2B Automation BusinessCapital MarketNov 7, 2016
• business-standard.comAlfanar buys Crompton Greaves' automation biz for Rs 880 croreBS B2B BureauNov 8, 2016

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