SINGAPORE (Sept 3): CSE Global on Monday announced it was acquiring a 100% stake in industrial power systems manufacturer Volta LLC via wholly-owned subsidiary CSE Americas.
The consideration for the acquisition deal was US$25.1 million ($34.8 million), payable in cash and subject to adjustments for working capital amount. CSE Global will finance the deal using a combination of internal resources and bank borrowings.
Volta is a US company that develops, designs, manufactures, and services custom-engineered electrical equipment centres (EEC) that distribute, control, and monitor the flow of electrical energy, and provide protection to motors, transformers, and other electrically powered equipment.
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