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Mergers & Acquisitions | 10 February 2012

Legrand Acquires Numeric Power's UPS Biz For R806Cr

by Irfan Khan
 
@irfan
Legrand Group is acquiring the UPS business of Numeric Power Systems in India & Sri Lanka for R806.5Cr. The stake was acquired by @Indo_Asian Pvt Ltd, the wholly owned subsidiary of Legrand.

Legrand Group will also acquire the UPS business of Numeric Singapore Pte Ltd for $4.5Mn.

Ambit Corporate Finance acted as the exclusive financial advisor to Legrand.

Amarchand & Mangaldas & Suresh A. Shroff & Co were the legal advisors for Legrand and Universal Legal for Numeric Power Systems. Ernst & Young and Lakshmi Kumaran & Sridharan provided assistance on respectively financial due diligence and tax due diligence related matters on this transaction.

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