Crompton buys Sonomatra for 1.3 mn euros

Electrical equipment maker Crompton Greaves has acquired French company Societe Nouvelle de Maintenance Transformateurs (Sonomatra) for 1.30 million euros (Rs 8.52 crore).

Sonomatra is engaged in providing services of on-site maintenance and repair of power transformers and on-load tap changers, oil changers, oil treatment and retrofilling.The acquisition will enhance the company's capabilities in the services segment of its transmission and distribution business.

The company's net was up by 63.19 per cent at Rs 313.92 crore for the year ending March 31, 2008 as compared to Rs 192.37 crore for the previous financial year.
However, the company posted a 15.09 per cent increase in its net sales of Rs 3875.7 crore for the year ending March 31, 2008 as compared to Rs 3367.6 crore it recorded in the previous financial year.

Crompton to acquire Ireland's Microsol

Electrical equipment maker Crompton Greaves today said it will acquire Ireland-based Microsol Holdings Ltd for an enterprise value of around 10.50 million euro (over Rs 57 crore).

The company has concluded arrangements to acquire Microsol Holdings Ltd (MHL) together with other companies in the Microsol Group, Crompton Greaves informed the Bombay Stock Exchange (BSE).

"This acquisition will increase the company's strengths in the area of high-end engineering and sub-station automation capabilities," the company added.
MHL is a part of the Microsol Group and has operations in the UK, US and Ireland. It provides sub-station automation for MV and HV to new sub-stations and retro-fitting solutions for existing sub-stations.

The shares of Crompton were last trading at Rs 228.20, up 1.04 per cent, on the BSE.