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The consolidated and retained businesses under the Trimaster Group of Companies post the acquisition of C&S Electric India by Siemens Limited
Former founders and promoters of C&S Electric India to grow and transform their retained businesses under Trimaster Group banner ANI | Updated: Mar 02, 2021 13:37 IST
New Delhi [India], March 2 (ANI/BusinessWire India): With the successful acquisition of C&S Electric by Siemens Limited (India), the former promoters of C&S Electric aim to consolidate their retained businesses, primarily of Lighting solutions, MV Switchgear solutions and DG Sets (JV) under the Trimaster banner.
The acquisition of the Low Voltage Switchgear and Busbar businesses of C&S Electric India by Siemens Limited (Siemens India) was announced in January 2021, and was successfully closed on 1st March, 2021 after completion of all statutory and other requirements. Siemens has acquired 99.22 per cent stake of
New Delhi [India], March 2 (ANI/BusinessWire India): With the successful acquisition of C & S Electric by Siemens Limited (India), the former promoters of C & S Electric aim to consolidate their retained businesses, primarily of Lighting solutions, MV Switchgear solutions and DG Sets (JV) under the Trimaster banner.
The acquisition of the Low Voltage Switchgear and Busbar businesses of C & S Electric India by Siemens Limited (Siemens India) was announced in January 2021, and was successfully closed on 1st March, 2021 after completion of all statutory and other requirements. Siemens has acquired 99.22 per cent stake of C & S Electric India from its former promoters for approximately Rs 2100 crores (approximately EUR 267 million).