Siemens makes its biggest acquisition in India

03 Mar 2021 CW Staff

Siemens Ltd, the flagship listed company of Germany's Siemens AG, has acquired Indian electrical and electronic equipment maker C&S Electric Ltd for Rs 2,100 crore. This is the company’s biggest acquisition in India.

The flagship company closed the acquisition of C&S Electric after receiving regulatory approval from the Competition Commission of India (CCI) in August 2020. As a part of the deal, Siemens acquired a 99.22% stake of C&S Electric from its promoters for setting up a design and manufacturing hub.

Siemens Ltd reported a 9.3% year-on-year (YOY) growth in new orders from ongoing businesses in the December quarter. Its smart infrastructure and digital business witnessed a strong rebound.

The company plans to focus on the digital business, energy storage, power transmission, e-vehicles, power grids and smart grids. Siemens is looking to fill the technological gaps through mergers and acquisitions and greenfield projects.

C&S Electric is a manufacturer of electronic and electrical equipment. The company's products are used in various applications ranging from transmission and distribution, power generation, protection and final consumption. It is India's largest exporter of power busbar products and industrial switchgear.

Image Source

Also read: Siemens inks pacts for digital transformation labs

Also read: Siemens to acquire C&S Electric for Rs 21 billion in India for electrification needs

Infrastructure Urban

30 May 2026

Panasonic Showcases Connected Display Solutions

Panasonic Life Solutions India showcased its integrated display, projection, broadcast and communication technologies at Panasonic Tech Summit 2026 in New Delhi. Hosted through its System Solutions Division, the two-day event highlighted connected technology solutions for education, healthcare, retail, transportation, corporate offices and entertainment.The summit, themed ‘Turning Technology into Value’, featured experience-led zones covering QSR, retail, transit, corporate offices, healthcare, education, security, projection, home theatre and professional displays. Panasonic also introduc..

Kapsch to Deliver India’s First C-ITS Project

"Kapsch TrafficCom will deliver India’s first Cooperative Intelligent Transport Systems project on a key expressway near New Delhi. The project will be implemented with Superwave Communication And Infrasolution Limited to demonstrate how connected mobility can improve road safety and traffic efficiency.The pilot will use real-time connectivity and AI-enabled situational awareness to support road users, especially in high-risk areas such as temporary work zones. Drivers will receive alerts on roadworks, maintenance vehicles, hazardous locations, traffic queues and temporary virtual signage di..

Eurobond Net Profit Rises 44 Per Cent

Euro Panel Products, the parent company of Eurobond, reported a 44.13 per cent year-on-year rise in net profit for FY25–26. The company’s revenue from operations grew 18.91 per cent to Rs 503.20 crore, compared to Rs 423.18 crore in the previous financial year.The company’s full-year EBITDA stood at Rs 56.67 crore, marking a 31.82 per cent increase. Profit after tax rose to Rs 26.56 crore, while net worth increased 20.15 per cent to Rs 160.07 crore. Earnings per share for the year stood at Rs 10.84.Divyam Rajesh Shah, Whole Time Director and CFO, Euro Panel Products, said the company’s..