CG Power & Industrial Solutions Ltd. (CG Power) has entered into an agreement to acquire 55% stake in Bengaluru-based G.G. Tronics India Pvt. Ltd. (GGT), for ₹319.38 crore.
This acquisition aligns with CG’s strategy to expand its rail products portfolio by diversifying into related or adjacent areas poised for growth, said the Murugappa group firm in a statement.
Established in 2003, GGT specialises in design, manufacture, supply and installation of electronic safety embedded signalling systems for the rail transport segment.
