Siemens to acquire C&S Electric for ₹2,100 crore

Siemens has signed an agreement to acquire approximately 99% of C&S Electric Ltd, a New Delhi-based electrical equipment provider, for ₹2,100 crore (€267 million). The acquisition covers C&S Electric's low-voltage switchgear components and panels, power busbars, and protection and metering devices businesses.

“The acquisition of one of the leading providers of electrical and electronic equipment for infrastructure, power generation, transmission and distribution, will strengthen Siemens’ position as a key supplier of low-voltage power distribution and electrical installation technology in one of the world”press.siemens.com

• 4 sources
• press.siemens.comSiemens to acquire C&S Electric in India to meet growing electrification needs | Press | Company | SiemensJan 24, 2020
• thehindubusinessline.comSiemens to acquire C&S Electric for ₹2,100 cr - The HinduBusinessLineV Rishi KumarJan 24, 2020
• transformers-magazine.comSiemens | Page 3 | Transformer MagazineFeb 4, 2020
• electricalindia.inSiemens to acquire C&S Electric in India to meet growing electrification needs | Electrical India MagazineEditor, Chary PublicationsFeb 4, 2020

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