Crompton Greaves Ltd has concluded an arrangement for the acquisition of Power Technology Solutions Limited (PTS), based in United Kingdom of Great Britain (UK).
PTS is a high voltage electrical engineering company which provides consultancy, technical and engineering support to Regional Electricity Companies (RECs) including, but not limited to conceptual engineering / system studies and also complete EPC detailed engineering, spanning electrical (relay/control, SCADA and substation automation) and civil/structural (site foundation, development and structural design).
The approximate Enterprise Value of this acquisition is 30 mn pound.
This acquisition will enable the Company to become a significant EPM player in the UK.