Crompton Greaves completes acquisition of French firm

MUMBAI: Electrical equipment manufacturer Crompton Greaves on Monday said it has completed the acquisition of French firm Societe Nouvelle de Maintenance Transformateurs (Sonomatra) for about Euro 1.30 million.

This acquisition would enhance the firm's capabilities in the services segment of its transmission and distribution business, Crompton Greaves said in a filing to the Bombay Stock Exchange.

Sonomatra provides services like on-site maintenance and repair of power transformers and on-load tap changers, oil analysis, oil treatment and retro-filling.

Earlier, the company had acquired Belgium-based Pauwels May 13, 2005, Hungarian based Ganz (GTV) and Transverticum Kft (TV), on October 17, 2006, and Microsol Holdings (MHL) and its associate companies in May 2007, as per information available on the company website.

Shares of the company closed at Rs 235.60, UP 2.04 per cent on BSE.