Siemens India acquires C&S Electric for Rs 2,100 crore

Siemens India announced the acquisition of Delhi-based C&S Electric for Rs 2,100 crore, which is expected to create India's second-largest player in the low voltage switchgear market. The deal is pending approval from the Competition Commission of India.

“The Siemens India-C&S Electric combined entity would possibly jump to the second position in the pecking order of the Indian LV switchgear market.”energetica-india.net

• 1 source
• energetica-india.netSiemens India’s C&S Electric Acquisition to Generate India’s 2nd Largest Switchgear Player: F&S - Asia Pacific | Energetica India MagazineEnergética IndiaJan 30, 2020

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