Lloyd Electric inks acquisition pact

25 November 2011: Lloyd Electric & Engineering Ltd has signed an agreement with Lindab s.r.o. for the acquisition of an industrial shed spread over 7,092 sq.m.. It will be acquired along with their parts and appurtenances located in the Cadastral Territory of Radotin, Prague, Czech Republic, for €0.8 million.

The company has executed the agreement through its wholly owned subsidiary Janka Engineering s.r.o. The said acquisition sets forth a major step in Company's strategy towards expansion of its operations in Prague, Czech Republic.

Source: HinduBusinessLine