CCI Approves Acquisition of C&S Electric Limited by Siemens Limited

Competition Commission of India (CCI) recently approved the proposed acquisition of C&S Electric Limited by Siemens Limited.

The proposed combination envisages acquisition of 100% of the share capital of
C&S Electric Limited (C&S) by Siemens Limited (Siemens India). At the time of closing
of the proposed combination, the scope of business of C&S shall include low-voltage (LV)
switchgear components and panels, LV and medium voltage (MV) power busbars as well as protection and metering devices of C&S. Certain other businesses of C&S, such as MV
switchgear and package sub-station, lighting, diesel generating sets, engineering,
procurement and construction business and the “Etacom” busbars business will be retained by the existing promoters of C&S.

Siemens India focuses on the areas of power generation and distribution, intelligent
infrastructure for buildings and distributed energy systems, and automation and
digitalization in the process and manufacturing industries. It also supplies smart mobility
solutions for rail and road transport and infrastructure solutions for Smart Cities.
C&S manufactures a range of electrical switchgear, power protection andelectrical
distribution products. C&S also has an electrical contracting business which performs
turnkeysolutions for industrial and commercial electrification, substations andpower plants.

In addition, C&S is also engaged in the design and execution of grid connected solar photovoltaic power plants.