Bengaluru-based Centum Electronics has acquired French company Adetel Group for an undisclosed sum.
The French company specialises in embedded electronics systems for defence, aerospace, industrial, transportation, medical and energy sectors, similar to the space that Centum operates in.
As part of the acquisition, Centum will hold 51 per cent controlling stake in Adetel Group.
The stock ended the session up by 0.09 per cent at Rs 549.40 on the BSE.