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Siemens has completed its acquisition of the Isolator business of Elpro International. As announced earlier, the Siemens Board had approved the proposal to acquire this business. The newly acquired business will be integrated with Siemens’ Power Transmission and Distribution (PTD) Division and its 108 employees comprising both officers and workers will now be part of Siemens Ltd.
The Isolator division of Elpro International at Hyderabad provides high quality Isolators covering the entire spectrum up to 420 kV. The Isolators are used in Transmission and Distribution lines for isolation of the circuit during maintenance or breakdown. Elpro International Ltd., a leader in the Isolator business in India, is a listed and ISO-9000 certified company with a turnover of Rs 329 million as on March 31, 2006. The company is in the business of Surge Arresters, Metal Oxide Varistors, Isolators and Permanent Magnets.
Mr. J. Schubert, Managing Director, Siemens Ltd., said, “The acquisition of the Isolator business from Elpro International is part of our Investment-led growth strategy. This new business will enable us to close the gap in our PTD portfolio and further strengthen our position in the growing power sector.” He further added, “We are happy to add another manufacturing facility to our existing 15 factories in the 50th year of manufacturing presence in India.”
Commenting on the business potential in the power transmission segment, Mr. Schubert said, “India has a vast transmission network and constant expansion of this network is inevitable with progressive measures taken by the Government. This will continue to present favourable business opportunities for leading players like us. In the transmission segment, the isolators are the essential component to ensure the overall safety and we are confident that this new line of business is a step in the right direction.”
Siemens’ Power Transmission and Distribution Division in India provides products, systems and solutions in the area of medium-voltage and high-voltage switchgear, medium voltage switchboards, high voltage substations, production system, substation automation and power system control and energy management systems.
Siemens Ltd is the flagship of the Siemens Group in India. The Siemens Group is a leading provider of industry and infrastructure solutions in India with a business volume aggregating about Rs 5400 crores. It operates in the core business segments of Energy, Industry and Buildings, Information Technology, Communication, Transportation, Healthcare and Lighting. It has a nation-wide Sales and Service network, 15 manufacturing plants, some 500 strong network of channel partners and through its 11 Companies, the Siemens Group employs over 12,000 people.