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Swelect Energy Systems to acquire entire share capital of SGES

12 Nov 2013 Evaluate

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.

Swelect Energy Share Price

682.50 -6.30 (-0.91%)
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