CG to acquire lighting division of Karma Industries

February 11, 2013 12:08 pm

Crompton Greaves (CG), a global pioneering leader in the management and application of electrical energy, announced that it has entered into a definitive agreement with Himachal Pradesh-based Karma Industries to buy the latter’s compact fluorescent lamp (CFL) manufacturing business. The operations, located in Baddi, Himachal Pradesh, are dedicated to manufacturing CFL products. The company plans to integrate this unit with its existing consumer business unit. The state-of-the-art facility can manufacture 2 million lamps per month. The acquisition shall double CG’s capacity in the fast-growing CFL segment, a company statement said.