Team News Riveting
The Competition Commission of India (CCI) today approved the proposed acquisition of C&S Electric Limited by Siemens Limited.
The proposed combination envisages acquisition of 100 per cent of the share capital of C&S Electric Limited (C&S) by Siemens Limited (Siemens India).
At the time of closing of the proposed combination, the scope of business of C&S shall include low-voltage (LV) switchgear components and panels, LV and medium voltage (MV) power busbars as well as protection and metering devices of C&S. Certain other businesses of C&S, such as MV switchgear and package sub-station, lighting, diesel generating sets, engineering, procurement and construction business and the “Etacom” busbars business will be retained by the existing promoters of C&S.
Siemens India focuses on the areas of power generation and distribution, intelligent infrastructure for buildings and distributed energy systems, and automation and digitalization in the process and manufacturing industries. It also supplies smart mobility solutions for rail and road transport and infrastructure solutions for Smart Cities.
C&S manufactures a range of electrical switchgear, power protection andelectrical distribution products. C&S also has an electrical contracting business which performs turnkeysolutions for industrial and commercial electrification, substations andpower plants. In addition, C&S is also engaged in the design and executionof grid connected solar photo-voltaic power plants.
C&S have 18 state-of-the-art manufacturing facilities based out of Noida, Delhi, and Uttarakhand as well as Nantong, China and Boom, Belgium. Our plants are spread across 2 million sq ft of area with an employee strength exceeding 5,000 including 400 engineers.
