Siemens to acquire Mass-Tech Controls' EV division, expanding eMobility offering in India
Siemens Limited, signed an agreement today to acquire the EV division of Mumbai-based Mass-Tech Controls Private Limited.
Source: equitybulls.com
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Siemens to sell low voltage motors, gears biz for Rs 2,200
Read more about Siemens to sell low voltage motors, gears biz for Rs 2,200 on Devdiscourse
Source: devdiscourse.com
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 ...
Source: prokerala.com
Siemens sells geared motor biz to parent for ₹2,200 cr
Mathur said the firm carried out an independent valuation of its businesses, which threw up a valuation figure of ₹2,070 crore to ₹2,165 crore.
Source: livemint.com
Siemens Sees 38 7 Increase In Net Profit In March Quarter
Siemens reported a 38.7 per cent increase in its net profit to INR 471.1 crore in the quarter ended March 2023, as compared to a net profit of INR 340 crore in the corresponding quarter of the previous fiscal year, , siemens, Financial Year 2022-23
Source: businessworld.in