Siemens acquires C&S Electric for €267mn

Siemens is buying Indian electrical equipment maker C&S Electric in a €267 million ($296.21 million) deal. The New Delhi-based company makes low-voltage switchgear parts and metering devices, employing 5,000 people.

“India is one of the fastest growing markets in the world, and there is so much to do in terms of infrastructure and improving the energy supply.”manufacturingdigital.com

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• manufacturingdigital.comSiemens acquires India's C&S Electric in $296mn deal | Manufacturing DigitalDaniel BrightmoreMay 16, 2020

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