Siemens acquires C&S Electric with 99.22 percent stakes

Siemens Limited has closed the acquisition of C&S Electric Limited after receiving the approval of Competition Commission of India on August 20, 2020 and the successful completion of further closing steps.

Siemens has acquired approximately 99.22 per cent of C&S Electric Limited from its promoters for  ₹ 2,100 crore. The Acquisition addresses rising demand for low-voltage power distribution in India. Apart from gaining access to the Indian market, the transaction is also aimed at creating an export hub in India.

C&S Electric Ltd., is amongst the leading manufacturers for electrical and electronic equipment in India. The company’s products and equipment are widely used in application like power generation, transmission and distribution, equipment protection and the consumption.

For more information visit: www.siemens.co.in