{"id":578013,"date":"2023-05-20T10:45:38","date_gmt":"2023-05-20T05:15:38","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=578013"},"modified":"2023-05-20T10:45:38","modified_gmt":"2023-05-20T05:15:38","slug":"siemens-to-acquire-mass-tech-controls-ev-division-for-rs-38-crore","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/siemens-to-acquire-mass-tech-controls-ev-division-for-rs-38-crore\/","title":{"rendered":"Siemens to acquire Mass-Tech Controls&#8217; EV division for Rs 38 crore"},"content":{"rendered":"<p>Siemens announced the acquisition of the electric vehicle division of Mumbai-based Mass-Tech Controls Private Limited for Rs 38 crore on Friday.  <\/p>\n<p>The newly acquired division is engaged in design, engineering and manufacturing of a wide range of AC chargers, and 30 to 300kW capacity DC chargers for various end applications for EVs.<\/p>\n<p>Closing of the acquisition is subject to fulfilment of condition precedents as agreed between the parties and receipt of requisite regulatory, statutory and other approvals, the company said in a statement.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Siemens announced the acquisition of the electric vehicle division of Mumbai-based Mass-Tech Controls Private Limited for Rs 38 crore on Friday. The newly acquired division is engaged in design, engineering and manufacturing of a wide range of AC chargers, and 30 to 300kW capacity DC chargers for various end applications for EVs. Closing of the acquisition is subject to fulfilment of condition precedents as agreed between the parties and receipt of requisite regulatory, statutory and other approvals, the company said in a statement.<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,232],"tags":[],"class_list":["post-578013","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-power-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/578013","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=578013"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/578013\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=578013"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=578013"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=578013"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}