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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