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INDUSTRIAL MACHINERY273.5▲ +4.87%AUTOMATION AND ROBOTICS348.5▲ +10.05%PUMPS AND VALVES401.5▲ +2.64%MATERIAL HANDLING340.7▲ +3.73%FOOD PROCESSING EQUIPMENT394.8▲ +4.07%STEEL AND METAL PRODUCTS344.9▲ +29.04%SPECIALTY CHEMICALS256.3▲ +5.14%PLASTICS AND POLYMERS327.5▲ +5.94%PACKAGING506.1▲ +8.86%INDUSTRIAL TEXTILES185.9▲ +3.45%ELECTRICAL EQUIPMENT256.3▲ +8.77%SEMICONDUCTORS AND INDUSTRIAL ELECTRONICS75.3▲ +26.02%AUTOMOTIVE COMPONENTS134.7▲ +3.13%AEROSPACE COMPONENTS291.0▲ +2.38%MEDICAL DEVICES146.2▲ +4.99%CONSTRUCTION MATERIALS262.9▲ +4.08%HVAC AND INDUSTRIAL REFRIGERATION243.3▲ +5.55%POWER GENERATION EQUIPMENT289.6▲ +3.63%WATER TREATMENT EQUIPMENT152.1▲ +2.68%MINING EQUIPMENT462.3▲ +3.56%INDUSTRIAL MACHINERY273.5▲ +4.87%AUTOMATION AND ROBOTICS348.5▲ +10.05%PUMPS AND VALVES401.5▲ +2.64%MATERIAL HANDLING340.7▲ +3.73%FOOD PROCESSING EQUIPMENT394.8▲ +4.07%STEEL AND METAL PRODUCTS344.9▲ +29.04%SPECIALTY CHEMICALS256.3▲ +5.14%PLASTICS AND POLYMERS327.5▲ +5.94%PACKAGING506.1▲ +8.86%INDUSTRIAL TEXTILES185.9▲ +3.45%ELECTRICAL EQUIPMENT256.3▲ +8.77%SEMICONDUCTORS AND INDUSTRIAL ELECTRONICS75.3▲ +26.02%AUTOMOTIVE COMPONENTS134.7▲ +3.13%AEROSPACE COMPONENTS291.0▲ +2.38%MEDICAL DEVICES146.2▲ +4.99%CONSTRUCTION MATERIALS262.9▲ +4.08%HVAC AND INDUSTRIAL REFRIGERATION243.3▲ +5.55%POWER GENERATION EQUIPMENT289.6▲ +3.63%WATER TREATMENT EQUIPMENT152.1▲ +2.68%MINING EQUIPMENT462.3▲ +3.56%

Siemens acquires 99.22% of C&S Electric for INR 2,100 crore · Endata

◂ Announcements

Mar 1, 2021ACQUISITIONIndia

Siemens acquires 99.22% of C&S Electric for INR 2,100 crore

Siemens Ltd. acquired approximately 99.22% equity in electrical equipment manufacturer C&S Electric from its promoters for INR 2,100 crore, after receiving CCI approval in August 2020.

Value

$287.0M (21.0B INR)

Status

Completed

Productselectrical switchgearpower protectionelectrical distribution products

CompaniesSiemens acquirer Siemens partner Wood Group partner C&S Electric target

Sectors#Electrical Equipment

“Siemens Ltd. the flagship company of Siemens AG in India on Monday announced that it has acquired around 99.22% of the equity share in electrical equipment manufacturer C&S Electric in India from its promoters for INR 2,100 crore.”metrorailnews.in

4 sources
metrorailnews.inSiemens acquires C&S Electric for Rs. 2,100 crNarendra ShahMar 1, 2021
pv-magazine-india.comSiemens completes the acquisition of C&S Electric in India - pv magazine IndiaUma GuptaMar 1, 2021
power-technology.comSiemens acquires Indian grid technology firm C&S Electric for $285m - Power TechnologyUmesh EllichipuramMar 2, 2021
woodplc.comRe Joint Venture | WoodMar 12, 2021

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

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