CG Power and Industrial Solutions has entered into definitive agreements to acquire 55% stake in G.G.Tronics India (GGT) for an aggregate consideration of up to Rs 319.38 crore. This acquisition is in line with CG’s strategic intent to expand its Railway product portfolio by diversifying into closely related or adjacent areas poised for growth. The integration is anticipated to leverage synergies between the companies.
CG's extensive expertise in manufacturing, engineering, and project management, complemented by GGT's specialized knowledge in Railway Transport Safety, particularly in the Train Collision Avoidance System 'KAVACH,' and embedded systems will enable CG to actively pursue ‘KAVACH’ and other Rail Safety projects, in the areas of Electronic Signalling Sector through this vehicle.
CG Power and Industrial Solutions (formerly Crompton Greaves) is a global pioneering leader in the management and application of electrical energy.
