Crompton Greaves acquires Hungarian cos

Crompton Greaves Ltd has acquired selected businesses of Ganz Transelektro Villamossagi Zrt (GTV) together with the business of Transverticum kft at an approx. value of Euro 35 mn.

By INDIATIMES NEWS NETWORK | Jul 26, 2006, 10.40 AM IST

Crompton Greaves Ltd has informed BSE that the company late night on July 25, 2006 has concluded an arrangement for the acquisition of the transformers, gas insulated switchgear (GIS), rotating machines and contracting businesses of Ganz Transelektro Villamossagi Zrt (GTV) together with the business of Transverticum kft (TV) engaged in the supporting areas of design, erection, commissioning and commercial activity, both located in Hungary, at an approx. enterprise value of Euro 35 mn.

Start a SIP with as low as ₹500 with ET Money App!