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Salzer Electronics gets nod to acquire Salzer Magnet Wires

17 Nov 2017 Evaluate

Salzer Electronics has received an approval for acquisition of whole of the business undertaking of Salzer Magnet Wires as a going concern on slump basis in accordance with the Business Transfer Agreement with appointed date April 01, 2017 for a consideration other than cash. The board of directors at their meeting held on November 17, 2017, has approved for the same.

Salzer is a Leading player offering Total and Customized Electrical Solutions in Switchgears, Wires & Cables and Energy Management business. The Company caters to a wide range of products with five In-house manufacturing facilities, located in Coimbatore and Himachal Pradesh. 

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