Acquisition History / CG Power and Industrial Solutions Ltd / G G Tronics India Pvt Ltd (55%)
CG Power and Industrial Solutions Ltd Acquires G G Tronics India Pvt Ltd (55%)
Announced August 20, 2024 — $36.1M
What happened
CG Power completed the purchase of a 55% stake in G G Tronics through a mix of secondary share purchase from the promoters and subscription to compulsorily convertible preference shares, for Rs 319.38 crore in aggregate. G G Tronics, which makes railway signalling and electronic products, became a CG Power subsidiary on 20 August 2024.
- Target
- G G Tronics India Pvt Ltd (55%)
- Announced
- August 20, 2024
- Price
- $36.1M
- Industry
- Railway signalling electronics
- Buyer type
- Strategic acquirer
- Status
- Closed
By the numbers
Frequently Asked Questions About This Acquisition
When did CG Power and Industrial Solutions Ltd acquire G G Tronics India Pvt Ltd (55%)?
CG Power and Industrial Solutions Ltd acquired G G Tronics India Pvt Ltd (55%) on August 20, 2024. This was CG Power and Industrial Solutions Ltd's 1st publicly tracked acquisition out of 1 we have on record.
How much did CG Power and Industrial Solutions Ltd pay for G G Tronics India Pvt Ltd (55%)?
CG Power and Industrial Solutions Ltd paid $36.1M for G G Tronics India Pvt Ltd (55%).
What does G G Tronics India Pvt Ltd (55%) do?
CG Power completed the purchase of a 55% stake in G G Tronics through a mix of secondary share purchase from the promoters and subscription to compulsorily convertible preference shares, for Rs 319.38 crore in aggregate. G G Tronics, which makes railway signalling and electronic products, became a CG Power subsidiary on 20 August 2024.
What other Railway signalling electronics companies has CG Power and Industrial Solutions Ltd acquired?
G G Tronics India Pvt Ltd (55%) is CG Power and Industrial Solutions Ltd's only publicly tracked acquisition in Railway signalling electronics so far.