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Centum Electronics, an electronics company based in Bangalore, offering a broad range of products and services in Defence, Aerospace, Space, Industrial, Medical and Communications, announced its acquisition of Adetel Group of France. Adetel specializes in design, development and industrialization of embedded electronic systems for defence, aerospace, industrial, transportation, medical and energy sectors. Centum Electronics will hold 51% percent controlling stake in Adetel Group.
At the launch announcement, Mr. Apparao Mallavarapu, Chairman and Managing Director - Centum Electronics said "We are pleased to announce an agreement* to acquire majority stake in Adetel. The acquisition now makes Centum Electronics one of the forerunners in the market, enhancing the...