Swelect Energy Systems has decided to acquire the entire share capital of Swelect Green Energy Solutions (SGES). With the aforesaid acquisition, Swelect Green Energy Solutions will become 100% wholly owned subsidiary of the company. The board of directors at its meeting held on November 11, 2013 has approved for the same.
Swelect Energy was formerly Numeric Power Systems, a major player in the Uninterruptible Power Supply business. Last year, Numeric Power sold its UPS business and decided to concentrate on solar power and was renamed Swelect Energy.
