Avendus Capital Advises C&S Electric in Its Acquisition of Etacom Group.

C&S Electric, the Delhi-based electrical product manufacturer announced the acquisition of the Euro 20mn Etacom Group of Netherlands. C&S Electric is a leader in various electrical components like LV/ MV switchgear, Power busbars and Lighting and wiring accessories. It has pioneered the market for busbars in India and is a market leader in this segment. Etacom is a globally acknowledged brand in cast resin busbar space and has a very strong presence in applications where high performance is required. „Betobar‟ is a sought-after product in industries like Oil and Gas, Desalination plants and Utilities with operations in Netherlands, Belgium, Germany and UK and has manufacturing facility in Boom, Belgium.

C&S Electric has been looking to expand its presence in the power busbars business and establish a base to service the demand in Europe and the Middle East. The acquisition of Etacom allows C&S to add a complimentary product line to its well known range of metal clad busbars and create a synergistic product line for both its domestic and export customers. The coming together of pioneers in the power busbars segment has created a global leader in this product.

Avendus Capital was the exclusive financial advisor to C&S Electric for this transaction