Siemens to acquire C&S Electric for ₹2,100 cr
Siemens has signed an agreement to acquire New Delhi-based C&S Electric Ltd, a leading provider of electrical and electronic equipment, for ₹2,100 crore.
The move will strengthen Siemens’ position as a key supplier of low-voltage power distribution and electrical installation technology in one of the world’s fastest-growing economies.
Under the agreement, the German giant will acquire approximately 99 per cent of the equity share capital of C&S Electric Ltd for around ₹2,100 crore (€267 million).
Closing of the acquisition is subject to regulatory approvals.
Siemens envisions the partnership to pave the way for the establishment of a design and manufacturing hub in India, supporting the export of electrification solutions to fast-developing markets around the world.
