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CG Power and Industrial completes acquisition of 55% stake in G.G. Tronics India

20 Aug 2024 Evaluate

CG Power and Industrial Solutions has completed the acquisition of 55% stake in G.G. Tronics India. Pursuant to the completion of the said acquisition, G.G. Tronics India is now a subsidiary of the Company with effective from August 20, 2024. 

Earlier, the company and G.G. Tronics India had executed definitive agreements for acquisition of 55% stake in G.G. Tronics India. 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 Power and Industrial Solutions (formerly Crompton Greaves) is a global pioneering leader in the management and application of electrical energy. 


Peers
Company Name CMP
Waaree Energies 2377.20
Apar Industries 18043.45
Havells India 1056.00
Suzlon Energy 38.86
Siemens 3825.00
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