# 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.

- Type: Acquisition
- Announced: 2021-03-01
- Where: India
- Value: $287.0M (21.0B INR)
- Status: completed
- Products: electrical switchgear, power protection, electrical distribution products
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [Siemens](https://endata.com/companies/301.md) (acquirer)
- [Siemens](https://endata.com/companies/301.md) (partner)
- [Wood Group](https://endata.com/companies/386.md) (partner)
- [C&S Electric](https://endata.com/companies/44770.md) (target)

## Sources

- [metrorailnews.in](https://metrorailnews.in/siemens-acquires-cs-electric-for-rs-2100-cr/), 2021-03-01: "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."
- [pv-magazine-india.com](https://www.pv-magazine-india.com/2021/03/01/siemens-completes-the-acquisition-of-cs-electric-in-india/), 2021-03-01: "The acquisition will enable Siemens to address the competitive infrastructure low-voltage market in India while creating a manufacturing hub to source low-voltage products for export to competitive markets globally."
- [power-technology.com](https://www.power-technology.com/news/siemens-acquires-cs-electric-india/), 2021-03-02: "The addition of C&S Electric's products, sales network, manufacturing units and a highly competent employee base will complement and strengthen the range of Siemens' offering."
- [woodplc.com](https://www.woodplc.com/investors/financial-and-regulatory-news/2013/re-joint-venture), 2021-03-12: "Today's announcement is an important step in the ongoing development of the Group's strategy."

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