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Salzer Electronics completes acquisition of Kaycee Industries

12 Jul 2019 Evaluate

Salzer Electronics has completed acquisition of the promoter’s shares of Kaycee Industries from the CMS group. This acquisition has been done as per the share purchase agreement (SPA) dated May 24, 2019. The main objective behind the acquisition is to aid increase product offerings and further expand its footprint into newer segments along with access to all India dealer network.

Salzer Electronics 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.

Peers
Company Name CMP
Waaree Energies 2342.90
Apar Industries 17648.65
Havells India 1040.60
Suzlon Energy 38.96
Siemens 3790.00
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