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Raychem RPG Pvt Ltd acquires high-voltage switchgear firm Hi-velm Industries

Friday, February 03, 2017, 10:17 Hrs  [IST]

Mumbai, February 2, 2017: Raychem RPG Pvt Ltd (a joint venture between TE Connectivity USA and the Rs 21,000-crore RPG Enterprises India) announced the acquisition of Chennai-based Hi-Velm Industries, a division of Digivision Electronics Limited.

The 60-year old Hi-Velm Industries is a leading brand and trusted producer of extra high-voltage disconnectors in India. Hi-Velm Industries owns cutting edge technology, design and credentials among various utilities in India.

Raychem RPG is currently focused on providing solutions to improve power reliability and lowering power losses through various innovative products. “Acquisition of Hi-Velm provides an immense strategic advantage to us as it adds a new product line in our portfolio of products and solutions. This acquisition will help extend the product line in high growth market of EHV disconnectors globally and we will be able to provide the comprehensive solution to EHV stations,” said Mr Ramani Kasi, President, Raychem RPG.

Raychem RPG intends to integrate the above facility at its existing facility of power infrastructure products at Halol to create cost synergies as also to capitalize on the product innovation through its Research Centre at Halol.

Pleased with the development, Mr Kasi added, “The rich credentials and technology in products upto 1200KV is a huge attraction and provide significant growth opportunity and adds a new respected brand to Raychem RPG.”

Mr Ramana Prasad, Chairman, Hi-Velm, said, “We are truly excited about the Hivelm transitioning into the family of Raychem RPG and they will be able to grow the business significantly”.

RPG Enterprises (www.rpggroup.com):

Mumbai head-quartered RPG Enterprises is one of India's largest industrial conglomerates. With over 15 companies in its fold, the group has a strong presence across core business sectors such as Infrastructure, Tyre, IT and Specialty. Established in 1979, RPG Enterprises is one of India’s fastest growing business groups with a turnover in excess of Rs 21,000 crore.

 
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