Crompton Greaves, part of $4 billion Avantha Group, has just concluded an arrangement for the acquisition of Sweden based Emotron Group for an enterprise value equivalent to 57.8 million Euros. This is company’s eight acquisition in a span of 6 years. With this acquisition, the Company has achieved its ambition of becoming a global player capable of providing comprehensive solutions in its industrial systems business
Emotron is a power electronics and engineering company, engaged in the manufacture of variable speed drives, soft starters, shaft power monitors, customized products and providing project solutions.
The company’s other successful acquisitions are Pauwels (2005); Ganz( 2006), Microsol (2007), Sonomatra (2008), MSE Power Systems( 2008), Power Technology Solutions (2010) and three businesses of Nelco in 2010.