Electrical equipment manufacturer Crompton Greaves Ltd has acquired US-based MSE Power Systems Inc and its group companies – MSE Engineering LLC & MSE West LLC. The acquisition has been done for a enterprise value of $16 million. Crompton had also acquired French firm Societe Nouvelle de Maintenance Transformateurs (Sonomatra) for about Euro 1.30 million in June this year. Last year Crompton had acquired Ireland’s Microsol Holdings Ltd for $35 million last year.
MSE is involved in engineering, procurement and construction (EPC) of high voltage electric power systems. MSE’s capabilities include conceptual engineering, system studies and also complete EPC engineering, spanning relay/control, SCADA and substation automation. Crompton said that the acquisition would strengthen it as a systems integrator in the EPC international business arena, particularly in the renewable wind energy segment.