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Centum Electronics acquires 51% stake in French based Adetel Group

17 Jun 2016 Evaluate

Centum Electronics, a diversified electronics company based in Bangalore, offering a broad range of products and services in Defence, Aerospace, Space, Industrial, Medical and Communications, has made acquisition of Adetel Group of France. The company will hold 51% percent controlling stake in Adetel Group.

The new partnership translates to greater international presence for the group, both in terms of operations and scale for its products, technologies and competencies. The group can leverage on the high technology capabilities & creativity of Adetel along with the cost competitiveness of India and Centum in particular to increase their market share in the Global Markets.

Adetel specializes in design, development and industrialization of embedded electronic systems for defence, aerospace, industrial, transportation, medical and energy sectors.



Peers
Company Name CMP
Hindustan Aeronaut. 4861.05
Bharat Electronics 398.40
Aequs 227.85
Astra Microwave Prod 1620.60
DCX Systems 163.35
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