Industrial Automation Magazine India

Siemens completes the acquisition of C&S Electric in India

Published on : Tuesday 02-03-2021

Siemens has acquired 99.22PER CENT approximately of C and S Electric Limited from its promoters for Rs 2,100 crore.

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

C&S Electric was founded in 1966, with a dream to be a company which plays a vital role in the development of the power infrastructure of India and makes the “Made in India” label respected the world over. Over the last several years C&S has been associated with the introduction of the newest technologies in the field of power management solutions in India. C&S manufacturing plants are equipped with the best machinery, technologies, and systems to rival the best facilities anywhere in the world.

Siemens Limited focuses on intelligent infrastructure for buildings and distributed energy systems and on automation and digitalization in the process, discrete & hybrid manufacturing industries. The Company brings together the digital and physical worlds to benefit customers and society. It offers broad expertise across the entire energy value chain, along with a comprehensive portfolio for utilities, independent power producers, transmission system operators, the oil and gas industry, and other energy-intensive industries. With its products, solutions, systems, and services, it addresses the needs of energy transition, including storage and sector-coupling solutions. It is also a supplier and service provider of intelligent mobility solutions for rail, road and inter-modal transport for passenger and freight services.