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Easun Reyrolle acquires substantial stake in Australian based company EDS

30 Jul 2013 Evaluate

Easun Reyrolle, through its wholly owned subsidiary and overseas investment body, ERL International has acquired 82% equity and ownership control in an Australian Company, Electrical Distribution Solutions (EDS).

Recently, ERL India obtained order from EDS to supply Medium Voltage Switchgear products to Australian Utility, Energex in the State of Queensland. The total supply value of this order is $84 million to be supplied over next 7 years. Energex manages energy distribution networks of the State of Queensland for more than 100 years. The above synergic and strategic acquisition would help ERL India establish and hold presence in prospering Australian power transmission and distribution market.

Easun Reyrolle established in 1980, is a leading Company providing complete range of Power Management Products, Systems, Solutions and Services spread across Generation, Transmission, Distribution and Industrial Application Segments.

Peers
Company Name CMP
Waaree Energies 2342.90
Apar Industries 17648.65
Havells India 1040.60
Suzlon Energy 38.96
Siemens 3790.00
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