CSE Global's US$25 mil Volta acquisition seen as positive by CGS-CIMB

Uma Devi
Uma Devi9/3/2019 11:21 AM GMT+08  • 3 min read
CSE Global's US$25 mil Volta acquisition seen as positive by CGS-CIMB
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.
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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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