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India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��Crompton Greaves acquires Sweden-based Emotron Group
Continuing with its strategy of inorganic growth, Crompton Greaves (CG) acquired
Sweden-based Emotron Group for €57.8mn. Emotron is a power electronics and
engineering company engaged in the manufacturing of variable speed drives, soft starters,
shaft power monitors and customised products; the company also provides project
solutions. As of December 31, 2010, Emotron posted revenue and EBITDA of €37.3mn
and €4.4mn, respectively.
Emotron pursues latest IGBT technology for variable frequency drives (VFD) with range of
200kV to 690kV and 0.2kW to 300kW, which augurs well for the automation solution
space in CG’s industrial systems segment. The acquisition also offers CG to harness
opportunities in VFD/industrial motors markets globally. CG has sizable presence in
Europe offering a broad array of motors and generators in the industrial markets. We see
this as a positive development for CG. We maintain our Buy view on the stock with a target
price of `300.
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��Crompton Greaves acquires Sweden-based Emotron Group
Continuing with its strategy of inorganic growth, Crompton Greaves (CG) acquired
Sweden-based Emotron Group for €57.8mn. Emotron is a power electronics and
engineering company engaged in the manufacturing of variable speed drives, soft starters,
shaft power monitors and customised products; the company also provides project
solutions. As of December 31, 2010, Emotron posted revenue and EBITDA of €37.3mn
and €4.4mn, respectively.
Emotron pursues latest IGBT technology for variable frequency drives (VFD) with range of
200kV to 690kV and 0.2kW to 300kW, which augurs well for the automation solution
space in CG’s industrial systems segment. The acquisition also offers CG to harness
opportunities in VFD/industrial motors markets globally. CG has sizable presence in
Europe offering a broad array of motors and generators in the industrial markets. We see
this as a positive development for CG. We maintain our Buy view on the stock with a target
price of `300.
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