By Belal Khan
Bangalore-based, diversified electronics company Centum Electronics which offers a broad range of services in defence, aerospace, space, industrial, medical and communications has acquired 51 per cent stake in French Adetel Group.
The total worth of the deal was not disclosed by the company.
The acquisition of Adetel Group brings expertise in design, development and industrialisation of embedded electronic systems for defence, aerospace, industrial, transportation, medical and energy sectors to Centum’s availability, said a Centum Electronics statement.
“The acquisition now makes Centum Electronics one of the forerunners in the market, enhancing the company’s already expanding growth and performance,” the statement said citing Chairman Apparao Mallavarapu.
As per the company’s offcial statement on its website, Adetel Group brings an excellent customer base to Centum Electronics which enables the company to enter new markets.
“Becoming a supplier associated with a bigger group, Adetel will be capable of assisting its clients and partners in their own development strategy across global markets,” said the statement citing Adetel Group CEO Francois Sebes.
Sebes expressed his interest in opening an Adetel Group subsidiary in India.
The new partnership gives the advantage of greater international presence to the two companies.
