| Log in

Japan’s Meidensha Corp takes full control of Prime Meiden

17 June, 2016

Japanese capital goods maker Meidensha Corporation has increased its shareholding in Indian power equipment maker Prime Meiden Ltd to 100% from 23%, as per a press release.

Financial terms of the transaction have not been disclosed.

The Japanese firm had agreed to acquire a 23% stake in Prime Meiden, earlier known as Prime Electric Ltd, in March 2014.

Hyderabad-based Prime Meiden was earlier part of the Prime Group. It has factories in Andhra Pradesh to make large-capacity power transformers.

The company has a broad customer base in India and is looking to expand its operations in Africa, the Middle East and in countries that are part of the Commonwealth of Independent States group.

An emailed query seeking to know the deal value and other details did not elicit any response by the time of filing this article.

Founded in 1897, Meidensha Corp makes capital goods including generators, substation equipment, electronic equipment and information equipment. The company has 8,500 employees.

Khaitan & Co advised Meidensha on the transaction.

Like this report? Sign up for our daily newsletter to get our top reports.


Leave Your Comment
Japan's Meidensha Corp buys 23% stake in Prime Electric

Japan’s Meidensha Corp buys 23% stake in Prime Electric

Anuradha Verma 3 years ago
Japan-based capital goods manufacturer Meidensha Corporation has signed a joint...
Crompton Greaves to sell Canadian power transformer business for $15M

Crompton Greaves to sell Canadian power transformer business for $15M

Anuradha Verma 2 years ago
Electrical equipment maker Crompton Greaves Ltd said on Tuesday it has agreed to...
Former Mylan execs’ drug firm Eywa gets PE funding from Eight Roads, F-Prime Capital

Former Mylan execs’ drug firm Eywa gets PE funding from Eight Roads, F-Prime Capital

Ranjani R 11 months ago
Eywa Pharma Pte Ltd said on Tuesday it has raised $30 million (Rs 200 crore)...
No Comments

Japan’s Meidensha Corp takes full control of Prime Meiden

Powered by WordPress.com VIP