Siemens has signed an agreement to acquire New Delhi-based C&S Electric. The acquisition of one of the leading providers of electrical and electronic equipment for infrastructure, power generation, transmission and distribution, will strengthen Siemens’ position as a key supplier of low-voltage power distribution and electrical installation technology in one of the world’s fastest-growing economies.
Under the agreement, Siemens will acquire approximately 99.22% of the equity share capital of C&S Electric for around Rs 2,100 crore.
Siemens is a technology powerhouse that has stood for engineering excellence, innovation, quality and reliability. The company focuses on the areas of electrification, automation and digitalization.
