Crompton to acquire Ireland's Microsol

MUMBAI — Electrical equipment maker Crompton Greaves yesterday said it will acquire Ireland-based Microsol Holdings Limited for an enterprise value of around 10.50 million euro (over Rs.570 million).

By (PTI)

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Published: Tue 29 May 2007, 8:46 AM

Last updated: Sat 4 Apr 2015, 8:38 PM

The company has concluded arrangements to acquire Microsol Holdings Ltd (MHL) together with other companies in the Microsol Group, Crompton Greaves informed the Bombay Stock Exchange (BSE).

"This acquisition will increase the company's strengths in the area of high-end engineering and sub-station automation capabilities," the company added.

MHL is a part of the Microsol Group and has operations in the UK, US and Ireland. It provides sub-station automation for MV and HV to new sub-stations and retro-fitting solutions for existing sub-stations. The shares of Crompton were last trading at Rs.228.20, up 1.04 per cent, on the BSE.

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