Yash Highvoltage to Acquire Sukrut Electric

New Delhi, Jul 9 (PTI) Quality Power Electrical Equipments and Yash Highvoltage Ltd on Wednesday announced plans to acquire the entire holding in Sukrut Electric Company for an undisclosed amount.

Quality Power Electrical Equipments and Yash Highvoltage have jointly announced the signing of a binding term sheet to acquire 100 per cent stake in Sukrut Electric Company, a statement said.

The transaction is expected to close over the next two quarters, subject to completion of customary regulatory and commercial formalities.

Sukrut Electric Company is a Pune-based transformer component manufacturer with a legacy spanning over six decades.

This transaction brings together two of the high-voltage equipment players, the statement said.

Quality Power is a specialist in high-voltage power products and power quality solutions, and Yash Highvoltage is a global supplier of condenser-graded bushings.