Siemens India

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.

Siemens India inaugurated a digitalised low-voltage switchgear factory in Kalwa, Thane district, Maharashtra, capable of manufacturing over five million switchgear devices annually.