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Siemens acquires Mass-Tech Controls Private s EV division for Rs 38 cr

Siemens Limited on Saturday said it has completed the acquisition of the electric vehicle division of Mass-Tech Controls Private Ltd for Rs 38 crore.

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Siemens to sell division for Rs 2,200cr; buy EV charging business for Rs 38cr

Chennai, May 19: In a sale and purchase transaction, Siemens Ltd on Friday said it has decided to sell its low voltage motors and geared motor business for Rs 2,200 crore and buy the electric vehicle (EV) division of Mass-Tech Controls Private Ltd for Rs 38 crore.

Tamil naduSunil mathurSiemens ltd onTech controls private ltd for rsSiemens groupSiemens large drives india privateSiemens ltdMass tech controls private ltdSiemens large drives india private limitedBoard meetingInnomotics gmbhManaging directorChief executive officerSiemens limitedSiemens to sell division for rs 2200cr buy ev charging business for rs 38cr

Siemens to sell division for Rs 2,200cr; buy EV charging business for Rs 38cr

In a sale and purchase transaction, Siemens Ltd on Friday said it has decided to sell its low voltage motors and geared motor business for Rs 2,200 crore and buy the electric vehicle (EV) division of Mass-Tech Controls Private Ltd for Rs 38 .

Tamil naduSunil mathurTech controls private ltd for rsSiemens ltd onSiemens groupSiemens large drives india privateSiemens ltdMass tech controls private ltdSiemens large drives india private limitedBoard meetingInnomotics gmbhManaging directorChief executive officerSiemens limited

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