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Lloyd Electric & Engineering signs agreement to acquire Noske-Kaeser's Rail & Vehicle global business

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Capital Market
Last Updated : Aug 29 2015 | 12:03 AM IST

Transaction expected to complete by end October 2015

Lloyd Electric & Engineering announced that it has signed an asset and share purchase agreement on 27 August 2015 to acquire Noske-Kaeser's Rail & Vehicle business in Germany, New Zealand, Australia, Brazil and United States.

The acquisition is subject to regulatory approvals of authorities in respective countries. The transaction is expected to be consummated by end of October 2015.

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First Published: Aug 28 2015 | 2:14 PM IST

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