SLI Sylvania Group and Havell's India join to form global Lighting and Electrical Products Powerhouse
- Leading global designer and supplier of lighting systems, SLI Sylvania, acquired by Indian electrical equipment specialist Havell's for €227.5 million
- Complementary geographical scope and product expertise offers tremendous growth opportunities
- Havell’s additional product portfolio broadens SLI Sylvania product range and opens new segments
- SLI Sylvania's global headquarters to be in Frankfurt, Germany
Frankfurt, 13 March 2007 - Havell's, a leading Indian manufacturer and supplier of lighting products and electrical equipment for domestic and industrial purposes, has today signed a definitive agreement to acquire SLI Sylvania from its owners. The transaction price of 227.5 million Euros, is financed by an international consortium led by Barclays Capital. The transaction includes all entities of SLI Sylvania in Europe, Latin America, and Asia Pacific and is to close in April 2007.
