3 days ago
Suprajit Engineering completes second tranche of Stahlschmidt Cable Systems acquisition
By News Desk Published on May 31, 2025, 10:23 IST
Suprajit Engineering Limited on Saturday announced the successful completion of the second tranche of its acquisition of Stahlschmidt Cable Systems (SCS), marking the conclusion of the entire transaction.
In a regulatory filing to the exchanges, the company said it has signed the closing memorandum for the asset and business acquisition of SCS's China and Canada operations, completing the second stage of the deal. This follows the company's earlier press release dated June 9, 2024, and company announcement dated July 16, 2024, regarding the acquisition of SCS out of insolvency proceedings in Germany.
'With this, the entire SCS transaction has successfully concluded,' Suprajit said in its filing, made in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Stahlschmidt Cable Systems is a global player in control cable systems, and the acquisition is expected to enhance Suprajit's international footprint.
News desk at
