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PT Crompton Prima Switchgear Indonesia, a joint venture of CG Power and PT PLN, inaugurated Indonesia's first High Voltage and Extra High Voltage switchgear factory at the Modern Cikande Industrial Estate in Banten, Indonesia.
Brazilian WEG SA has acquired CG Power USA Inc., the power and distribution transformers arm of the Indian group Crompton Greaves.
Crompton Greaves received a binding offer from Alfanar for the acquisition of its B2B Automation Business, comprising ZIV Aplicaciones y Technologia and related automation businesses, at an enterprise value of EUR 120 million. Completion is expected by 31 January 2017.