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*Crompton Greaves* has acquired three units of *Nelco Ltd* for Rs 92 Cr. It has acquired Traction Electronics, supervisory control and data acquisition and Industrial Drives units from Nelco. This acquisition will make the company a more comprehensive player in the railway business segment of the company. Crompton Greaves Ltd, part of *Avantha Group*, designs, manufactures and markets electrical equipment, and products and services related to power generation, transmission and distribution. The company operates in 4 business lines – Power Systems, Industrial Systems, Consumer Products and other Transaction Note Earlier in March, Crompton Greaves announced the acquisition of UK based *Power Technology Solutions Ltd* for about 30 Mn pounds. Crompton Greaves has been aggressively expanding its portfolio through acquisitions. Crompton Greaves has made 19 acquisitions since 2005. The company had acquired MSE Power Systems Inc, Societe Nouvelle de Maintenance Transformateurs in 2008 and Microsol in 2007. As on 31 March, 2009, the company's cash position was around Rs565.6 cr. Nelco Ltd - part of the *Tata Group* - provides system integration and product management for industrial controls, power, electronics, defence electronics, VSAT networks and automation. -- Regards Hardik Shah -- You received this message because you are subscribed to the Google Groups ""GLOBAL SPECULATORS"" group. To post to this group, send email to [email protected]. To unsubscribe from this group, send email to [email protected]. For more options, visit this group at http://groups.google.com/group/globalspeculators?hl=en.
