Indovation Technologies has received an approval for acquisition of 51% stake in Kaivalli Electronics, established in the year 1984, having operations both in Hyderabad & Vijayawada. The company is engaged in research and development of power electronic products for defence and telecom for so many years. At present they are active in developing & manufacturing of LED lighting products and solutions with special focus in LED drivers and protection devices.
The board of directors at their meeting held on February 13, 2015 have approved for the same. The board has also authorized the Director of the company to workout modalities and present detailed proposal to the board at the next Board Meeting.
Indovation Technologies supplies instrumentation and electronics equipment to various process control industries. The company offers security and surveillance equipment for air surveillance, homeland and port/harbor security, airport security, border protection etc.
