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Siemens files for Indian clearance to acquire C&S Electric

( June 25, 2020, 21:59 GMT | Official Statement) -- MLex Summary: Siemens India has filed for clearance from the competition regulator to acquire New-Delhi based C&S Electric for around 21 billion rupees ($278 million). The deal comprises C&S’s low-voltage switchgear components and panels, low and medium voltage power busbars as well as protection and metering devices businesses. The parties used Form II for their merger filing, a longer form typically used for more contentious merger applications. A summary merger filing is attached. ...

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