CG Consumer likely to Acquire Syska LED Lighting

Crompton Greaves Consumer Electrical (CG Consumer) is eyeing an acquisition to beef up its lighting portfolio. The company is in an advanced stage of talks to buy the Syska LED Lighting business and the negotiations are going on around Rs 2,000 crore of deal value.

BY Realty Plus
Published - Monday, 26 Jul, 2021

CG Consumer likely to Acquire Syska LED Lighting

Crompton Greaves Consumer Electrical (CG Consumer) is eyeing an acquisition to beef up its lighting portfolio. The company is in an advanced stage of talks to buy the Syska LED Lighting business and the negotiations are going on around Rs 2,000 crore of deal value. Crompton is a large player in the lighting business and through the Syska acquisition it can get a leg up. CG Consumer’s overall revenue from the lighting business is close to 22 percent of the total revenues and it has been looking to up it.