C&S Electric

The Competition Commission of India approved Siemens Limited's proposed acquisition of 100% share capital of C&S Electric Limited, which produces low-voltage switchgear components, panels, power bus bars, protection and metering devices.

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.

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 has signed an agreement to acquire approximately 99% of C&S Electric Ltd, a New Delhi-based electrical equipment provider, for ₹2,100 crore (€267 million). The acquisition covers C&S Electric's low-voltage switchgear components and panels, power busbars, and protection and metering devices businesses.