Weigh-Tronix

Weigh-Tronix LLC, USA, has entered into an agreement, through its 100 per cent subsidiary, Weigh-Tronix UK Ltd, with Marconi Corporation Plc to acquire the entire shareholding of the Avery Berkel Group of Companies, which consists of GEC Avary International Ltd, UK (GEC Avery) and Maatchapij Van Berkel's Patent BV, Netherlands. GEC Avery holds 51 per cent capital of Avery India Ltd. The securities and Exchange (Sebi) has noted that the acquisition of control of Avery India is incidental to the global acquistion and the acquires are granted exemption from the applicability in terms of the Sebi (Substantial Acquistion of Shares and Takeovers) Regulations, 1997.