Sterlite Technologies (STL) has signed definitive agreements to acquire Optotec S.p.A, a leading Optical Interconnect Products Company based in Italy. The transaction is structured to acquire 100% of Optotec’s shareholding on closing at an enterprise value (EV) of 29 Million euros.
The deal will be financed by a mix of internal accruals and foreign currency debt instruments. The Closing of the transaction is subjected to customary regulatory approvals. The acquisition will create a solid springboard to offer a complete bouquet of solutions to customers across Europe, India and the Middle East.
Sterlite Technologies is an industry-leading integrator of digital networks.
| Company Name | CMP |
|---|---|
| Polycab India | 9072.95 |
| KEI Industries | 5002.40 |
| RR Kabel Ltd. | 2205.90 |
| Finolex Cables | 1046.90 |
| Precision Wire India | 389.85 |
| View more.. | |
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