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BSE-listed Easun Reyrolle Limited through its subsidiary and overseas investment ERL International Pte Ltd, has acquired 82% equity and ownership control in an Australian company, Electrical Distribution Solutions Pty Ltd (EDS).
This synergic and strategic acquistion would help ERL India establish and hold presence in Australian power transmission and distribution market.
It may be noted, recently ERL India obtained order from EDS to supply Medium Voltage Switchgear products to Australian Utility, Energex in the State of Queensland. The total supply value of this order $84 million to be supplied over the next seven years.
Energex manages energy distribution networks of the State of Queensland for more than 100 years.
