New Delhi, Aug 26 (UNI) Controls and Switchgear Group Ltd today said it has acquired 50 per cent stake in Controls and Switchgear GEWISS India Pvt Ltd, held by its Joint Venture partner Gewiss SpA of Italy.
The company has acquired the stake along with the modular wiring devices, lighting and industrial electrical solutions division, it said in a statement.
''Our decision to take direct control of our lighting and wiring accessories division will enable us to deliver focused and customised solutions for the Indian market,'' company Chairman and Managing Director R N Khanna said.
C &S will integrate Controls and Switchgear GEWISS India Pvt Ltd with the company's existing operations in power management products, it added.
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