On 20 November 2017
Salzer Electronics announced that the Board of Directors have approved the proposal to acquire Salzer Magnet Wires (SMW), as a going concern on a slump sale basis dated 01 April 017. This acquisition is subject to the necessary further consent from the shareholders of both the companies and clearance from the required regulatory authorities.The acquisition will strengthen Salzer's product portfolio, adding more products like Enamelled Copper Wires, Fine Enamelled Copper Wires, & Polyester Coated Winding wires. This will give the Company, an opportunity to further increase its market penetration in India and target the global markets with a wider product range over a period of time.
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