Jiangsu Longyuan Electrical Equipment Co.,Ltd

Jiangsu Longyuan Electrical Equipment Co.,Ltd

Toshiba Corp : Toshiba buys power transmission business from Indian company

Author: Date:1/6/2014 8:23:33 PM
 2014/01/07 08:33:59 Source:《4-traders》

Toshiba Corp. said Monday it has bought the power transmission and distribution business of India‘s Vijai Electricals Ltd. for about $200 million to expand its operation in the country.

Toshiba set up a new subsidiary, Toshiba Transmission & Distribution Systems (India) Pvt., last month to run the operation including a railway power supply system in India, it said.

The Japanese electronics company aims to capture a 20 percent share of the Indian power transmission and distribution market in five years, up from 18 percent share it now controls through the Vijai acquisition, it said.

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