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W Lucy & Co Ltd has acquired all of Crompton Greaves’ equity interests in CG Lucy Switchgear Ltd, an Indian RMU company.
CG Lucy Switchgear was founded in Nasik, India in 1994. It was established as a joint venture between Crompton Greaves, India and W Lucy & Co.
After years of development, the company is now a leading manufacturer and distributor of ring main units (RMU) in India. It is also the country’s largest manufacturer of SF6 gas insulated vacuum RMUs.
The company is now wholly owned by W Lucy & Co.; it will form a part of the Group’s medium voltage, secondary power distribution business unit, Lucy Electric
The deal has been made as part of Lucy Electric’s strategy to grow its business in developing markets. It will allow the company to meet growing demands for electrical infrastructure equipment and the development of Smart Grid projects in India.
Combining the CG Lucy Indian operations and Lucy Electric business will allow the company to focus on developing products specifically for the Indian market, whilst bringing its knowledge of automation systems to the country’s developing Smart Grid.
CG Lucy Switchgear customers across the region will benefit from the addition of Lucy Electric’s product portfolio to the current range, including the extensive range of automation products and services.
Crompton Greaves will continue to distribute RMU products in India.
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