Legrand Acquires Numeric Power's UPS Biz For R806Cr
by Irfan Khan
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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