Delixi Electric acquires two Chinese manufacturers

Delixi Electric Ltd., 50% owned by Schneider Electric, has acquired Zhejiang Delixi International Electric Industry Co., Ltd., a wiring device manufacturer, and Delixi Instrument & Meter Co., Ltd., a provider of tariff, power and gas meters. The acquisitions expand Delixi Electric's product offering in China.

“The acquired businesses will expand Delixi Electric's product offering and offer opportunities for cost and revenue synergies.”in.marketscreener.com

• 1 source
• in.marketscreener.comSchneider Electric : Delixi Electric further expands its activities in China | MarketScreener IndiaPublicnowJan 4, 2019

Summarized from public sources; check the original articles before acting on it.