Centum Electronics’ board has approved the proposal for further investment in Centum Adetel Group (CAG) SA. With the proposed investment, Centum Electronics’ stake in CAG will increase from the current level of 54.15% to 59.80%. Further, the said investment will be done through Centum Electronics UK, a wholly owned subsidiary of the company, subject to necessary approvals. The board of directors of the company at their meeting held on May 6, 2020 has approved the same.
Centum Electronics is engaged in designing and manufacturing of advanced electronics systems, subsystems, and components. These products cater to various segments such as communications, military, space, automotive and industrial electronics.
