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 Electric 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.