Concord Control Systems has planned to make investment to acquire 50% Equity Shares of Concord Lab to Market Innovations on its incorporation. With the proposed acquisition, the target company shall become an Associate Company of Concord Control Systems. This shall enable the Company to explore new opportunities and diversify new area in railways and locomotives. The proposed Investment aims at creating synergistic relationship and growth. The transaction is expected to be completed within two months.
Concord Control Systems is engaged in the business of manufacturing and supply of coach related and electrification products for Indian Railways and other Railway Contractors.
