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Our Bureau

Mumbai , May 3

Siemens Ltd on Wednesday announced the acquisition of the isolator business of Elpro International Ltd for Rs 25 crore. As part of this deal, Siemens has acquired the manufacturing unit of Elpro located at Hyderabad.

The newly acquired business will be integrated with Siemens Power Transmission and Distribution division, with all its 108 employees becoming part of Siemens.

The isolator division of Elpro International at Hyderabad provides high quality isolators covering the entire spectrum up to 420 kV. Isolators are used in transmission and distribution lines for isolation of the circuit during maintenance or breakdown.

Mr J. Schubert, Managing Director of Siemens Ltd, said, "The acquisition of the isolator business from Elpro International is part of our investment-led growth strategy. This new business will enable us to close the gap in our PTD portfolio and further strengthen our position in the growing power sector."

Biz potential

Commenting on the business potential in the power transmission segment, Mr Schubert said, "India has a vast transmission network and constant expansion of this network is inevitable with progressive measures taken by the Government. This will continue to present favourable business opportunities for leading players in this segment."

Siemens' Power Transmission and Distribution division provides products, systems and solutions in the area of medium-voltage and high-voltage switchgear, medium voltage switchboards, high voltage substations, and production system.

More Stories on : Mergers & Acquisitions | Power | Electrical Goods

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