Toshiba expands in India with 3i’s Vijai Electricals acquisition
Japan’s Toshiba Corporation will acquire the majority of Vijai Electricals’ electricity transmission and distribution (T&D) business for approximately $200 million. 3i bought a minority stake in Vijai for $25.8 million in 2006.
The T&D business generates annual sales of $250 million, according to a Toshiba statement. It products include transmission transformers and switchgear, as well as power transmission and distribution lines....
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