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.