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Suprajit acquires U.K. company
BANGALORE:
Suprajit Engineering Ltd., automotive cable manufacturer, has announced its plans to acquire the assets and business of CTP Gills Cables, the U.K-based automotive cable manufacturer, from Carclo Suprajit will also acquire the balance 50 per cent stake held by Carclo plc. in the Indian joint venture, CTP Suprajit Automotive Pvt. Ltd., set up as a 100 per cent export oriented unit. The total consideration for the twin acquisitions is about Rs. 25 crore.
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