Toshiba Corporation and Vijai Electricals announced that they have agreed to Toshiba’s acquisition of the major part of Vijai’s electricity transmission and distribution business for approximately $ 200 million. The acquisition will be completed in November 2013.In parallel, Toshiba will establish a new company that will absorb the acquired business, and also integrate Toshiba’s design and manufacturing technologies for T&D systems. The new company will also enter other growing markets in India, including power electronics systems, such as high voltage direct current power transmission and static var compensators for high voltage networks, and railway power supply systems. Toshiba will position the new company as a core production base for expanding its T&D business in India and the global market, alongside its other bases in Japan, China, Brazil, Russia and SE Asia.

Toshiba to acquire T&D business of Vijai ElectricalsToshiba Corporation and Vijai Electricals announced that they have agreed to Toshiba’s acquisition of the major part of Vijai’s electricity transmission and distribution business for approximately $ 200 million. The acquisition will be completed in November 2013.In parallel, Toshiba will establish a new company that will absorb the acquired business, and also integrate Toshiba’s state-of-the-art design and manufacturing technologies for T&D systems. The new company will also enter other growing markets in India, including power electronics systems, such as high voltage direct current (HVDC) power transmission and static var compensators (SVC) for high voltage networks, and railway power supply systems. Toshiba will position the new company as a core production base for expanding its T&D business in India and the global market, alongside its other bases in Japan, China, Brazil, Russia and Southeast Asia.

Toshiba to acquire T&D business of Vijai ElectricalsToshiba Corporation and Vijai Electricals announced that they have agreed to Toshiba’s acquisition of the major part of Vijai’s electricity transmission and distribution business for approximately $ 200 million. The acquisition will be completed in November 2013.In parallel, Toshiba will establish a new company that will absorb the acquired business, and also integrate Toshiba’s state-of-the-art design and manufacturing technologies for T&D systems. The new company will also enter other growing markets in India, including power electronics systems, such as high voltage direct current (HVDC) power transmission and static var compensators (SVC) for high voltage networks, and railway power supply systems. Toshiba will position the new company as a core production base for expanding its T&D business in India and the global market, alongside its other bases in Japan, China, Brazil, Russia and Southeast Asia.