C&S Electric Limited, a well known switchgear manufacturer from India, entered into a 50:50 Joint Venture (JV) with Efacec Capital SGPS SA of Portugal to establish a Medium Voltage Switchgear manufacturing company with factory at Greater Noida, U.P. India.
The JV company employed technology and the product expertise of Efacec and the operating and marketing expertise of C&S and started serving the growing need of the country’s power distribution network offering most modern Air Insulated Switchgear and SF6 insulated Ring Main Units for primary and secondary distribution network.
C&S Electric Limited acquired 50% shareholding of Efacec Capital SGPS SA in the JV Company and merged this entity manufacturing the Medium Voltage Switchgear with C&S Electric Limited.
After gaining significant market share in the domestic market, the medium voltage switchgear solutions were also offered to Export markets with resounding success.
In January 2020, the promotors of C&S Electric Limited entered into an agreement to divest their entire stake in C&S Electric Limited to Siemens Limited while retaining the Medium Voltage Switchgear and Packaged Sub Station business to be operated through another wholly owned company belonging to same promotors, C-sec Technologies Private Limited.
C-sec Technologies Private Limited continues to offer the Medium Voltage Switchgear and Packaged Sub Station for the Power Distribution market as herein before manufactured by C&S Electric Limited.