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Crompton Greaves to acquire Microsol Holdings

May 28, 2007

Crompton Greaves has concluded with an arrangement to acquire Microsol Holdings together with other companies in Microsol group. Microsol Holdings is based in Ireland with operations in UK, USA and Ireland.

Microsol Holdings is engaged in the business of providing sub-station automation for MV and HV sub-stations. Appromixate enterprise value of this acquisition is Euro 10.50-million.

This acquisition will increase Crompton Greaves’ strengths in high-end engineering and sub-station automation capabilities.

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