Siemens completes acquisition of C&S Electric

Siemens has closed the acquisition of C&S Electric after receiving the approval of Competition Commission of India on 20 August 2020 and the successful completion of further closing steps.

The company has acquired 99.22% (approximately) of C&S Electric from its promoters for Rs. 2,100 crore. The acquisition addresses rising demand for low-voltage power distribution in India.

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