Business Standard

Havell's buys SLI Sylvania for $300mn

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Our Web Bureau Mumbai
 * $300 mn all-cash acquisition: Largest-ever acquisition by an Indian electrical company

* Sylvania is one of the largest lighting companies globally

* The combined turnover to be nearly $1 billion

* Post-acquisition, nearly two-third of Havell's consolidated revenue to come from the international markets

* SLI Sylvania's 10 manufacturing plants located across Europe, Latin America and Africa come under Havell's ambit

Qimat Rai Gupta, chairman and managing director, Havell

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First Published: Mar 14 2007 | 12:10 AM IST

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