# V-Guard board approves majority stake acquisition in Guts Electromech

V-Guard Industries received in-principle board approval to acquire a majority stake in Guts Electromech Ltd, a Hyderabad-based manufacturer of switch gears and power transformers. The deal is subject to due diligence and regulatory approvals.

- Type: Acquisition
- Announced: 2017-03-28
- Where: Hyderabad, India
- Status: announced
- Products: switch gears, power transformers
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [V-Guard Industries](https://endata.com/companies/23142.md) (acquirer)
- [Guts Electromech](https://endata.com/companies/23143.md) (target)

## Sources

- [thehindubusinessline.com](https://www.thehindubusinessline.com/companies/vguard-board-okays-acquisition-of-guts-electromech/article9604602.ece), 2017-03-28: "The board of directors of the company considered the proposal to acquire majority stake in the equity of Guts Electromech Ltd, Hyderabad, and accorded its in-principle approval to make the investment."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.