Tuesday, September 16, 2008

Crompton Greaves To Acquire MSE Power Systems And Its Group - Sep 16, 2008

Crompton Greaves has just concluded an arrangement for the acquisition of MSE Power Systems Inc and its group companies - MSE Engineering LLC & MSE West LLC. MSE Group is based in USA and is engaged in engineering, procurement and construction of high voltage electric power aystems.

Its capabilities include conceptual engineering, system studies and also complete EPC engineering, spanning relay/control, SCADA and substation automation. The approximate enterprise value of this acquisition is US$ 16 million. This acquisition will increase the company''s strength as a systems integrator in the EPC international business arena, particularly in the renewable energy segment. The company made this announcement during the trading hours today, 15 September 2008

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