# Salzer Electronics to buy 72.32% stake in Kaycee Industries

Salzer Electronics Limited signed a deal to acquire a 72.32% stake in Kaycee Industries Limited in an all-cash deal, with an additional offer for 26% from public for a total equity value of Rs 22 crores. The acquisition is subject to regulatory approvals.

- Type: Acquisition
- Announced: 2019-05-27
- Where: India
- Value: $3.14M (220.0M INR)
- Status: announced
- Products: switchgear, industrial switchgear
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [Salzer Electronics](https://endata.com/companies/35085.md) (acquirer)
- [Kaycee Industries](https://endata.com/companies/39594.md) (target)

## Sources

- [business-standard.com](https://www.business-standard.com/article/companies/salzer-electronics-to-acquire-72-stake-in-kaycee-industries-in-cash-deal-119052700381_1.html), 2019-05-27: "Salzer Electronics will fund this transaction through a mix of internal accruals and debt."

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