Cerebra Integrated Technologies to acquire 51% stake in Geeta Monitors

Cerebra Integrated Technologies Ltd. | Trading | Miscellaneous | BSE: 532413 | NSE: CEREBRAINT

13 Jun 2011 Evaluate

Cerebra Integrated Technologies has received its board approval to infuse capital into one of India's largest distributor of IT products, Geeta Monitors and acquire 51% stake in it for an all cash deal.

Post capital infusion promoters of Geeta Monitors will hold 49% stake and will continue to run the operations of the company. The acquisition of Geeta Monitors is in line with Cerebra’s strategy of focusing its energies and financial resources in businesses where it is making a deeper impact.

Recently in March, Cerebra Integrated had taken first step in starting its E-Waste recycling /management activity with the import of a Mobile Shredder from Cimelia, Singapore. The Mobile Shredder was capable of handling 3600 tons of e-waste. This mobile shredder is so called since it can be installed on a truck and can be taken to premises of those companies wishing to process the e-waste in front of them to ensure copyright and data protection.

Cerebra Integrated Technologies commenced its business with the Hardware sector and later expanded to provide software services, IT training and consulting, and today offers Total IT Solutions comprising LPO, BPO and KPO services. It caters to clients through IT division, System Integration, Surface Mount Technology (SMT) and ITES division.

Geeta Monitors (popularly known as Geeta Electronics) is a professionally managed company engaged in marketing of Electronic Components, Computers, Computers Peripherals and consumables. It became a one-stop source of all types of electronic components and microprocessor trainers with a client spread all over India. The company has strategic Partnership with IT Giants like IBM, Hp, Lenovo, Dell, Microsoft, Fujitsu, APC, RGS Rebar & PAC Soft.

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