Free Submission Public Relations & NewsPR-inside.com
Home
Deutsch English

Business

Toshiba to Close Acquisition of T&D Business from Vijai Electricals Ltd., A Major Indian Manufacturer


Print article Print article
© Business Wire 2014
2014-01-06 05:59:03 -

Toshiba Corporation (TOKYO:6502) has completed the acquisition of Vijai Electricals Ltd.’s power transmission and distribution businesses. The acquired assets include power transformer, distribution transformers and switchgear businesses.

A new Toshiba subsidiary, Toshiba Transmission & Distribution Systems (India) Pvt. Ltd.(“TTDI”), will run the acquired businesses and provide them with Toshiba’s latest design, development and production capabilities in order to supply a wide range of T&D products globally as well as in India. TTDI will also deploy businesses in other areas, such as EHV and high voltage direct current power transmission, static var compensators for high voltage networks and railway power supply system, in India.

The acquisition allows Toshiba to make a full-scale entry into India’s T&D market, where the company aims to capture

20% share in five years.
By 2015, Toshiba targets building a 700-billion yen global T&D and smart-grid business that will utilize TTDI and established T&D manufacturing facilities in Japan, Brazil, China, Russia, Malaysia and Vietnam, along with the global sales channels of Toshiba subsidiary and Landis + Gyr AG.


Overview of the new companyCompany Name: Toshiba Transmission & Distribution Systems (India) Pvt. Ltd.Chairman.

Katsutoshi TodaLocation of Office: Rudraram, Andhra Pradesh, Republic of IndiaDate of Establishment: 27 th Dec, 2013Number of Employees: Approx. 4,500Main Business: Engineering, Design, Procurement, Manufacturing, Delivery, Erection, Testing, Commissioning, Operation, Maintenance and other related activities for Transformer, Switchgear and other equipment for power, transmission and distribution systems.

" title="http://cts.businesswire.com/ct/CT?id=bwnews&sty=20140105005100r1&sid=16929&distro=ftp\"/>" target="_blank" rel="nofollow">cts.businesswire.com/ct/CT?id=bwnews&sty=20140105005100r1&am ..

Toshiba CorporationAtsuko Miyashita, +81-3-3457-2105Corporate
Communications DivisionPublic Relations & Investor Relations OfficeFax:

+81-3-5444-9202


Author:
Hossam Abdel-Kader
e-mail
Web: www.pr-inside.com/
Phone: +43 1 9582319

Disclaimer: (c) 2014 Business Wire. All of the news releases contained herein are protected by copyright and other applicable laws, treaties and conventions. Information contained in the releases is furnished by Business Wire's members, who warrant that they are solely responsible for the content, accuracy and originality of the information contained therein. All reproduction, other than for an individual user's personal reference, is prohibited without prior written permission.
Latest News
Read the Latest News
www.newsenvoy.com

 


Terms & Conditions | Privacy | About us | Contact PR-inside.com