Quality Power Electrical Equipments Limited has executed a term sheet to acquire 100 per cent of the equity share capital of Winwin Speciality Insulators Limited (WSIL) for an enterprise value of about Rs 3.15 billion. The transaction is expected to be completed within three months.
WSIL operates an automated manufacturing facility at the Atchutapuram Special Economic Zone near Visakhapatnam, Andhra Pradesh. The facility manufactures ceramic insulators up to 1,200 kV with an installed capacity of about 18,000 tonnes per annum and polymeric insulators up to 400 kV. The acquisition will strengthen Quality Power’s presence across the high-voltage equipment value chain.