Monthly Archives: October 2015

CG Announces the Sale of Canadian Power Transformer (CPT) Business to PTI Holdings Corporation

CG Announces the Sale of Canadian Power Transformer (CPT) Business to PTI Holdings Corporation

Mumbai, Maharashtra, India – Business Wire India

Avantha Group Company CG announces the sale of its Canadian Power Transformer (CPT) business to PTI Holdings Corporation for an enterprise value of Canadian $20 million subject to post-closing adjustments. The structure of the deal and its commercial terms remain subject to applicable regulatory approvals. The transfer of the business will be effective on October 27th.

PTI Holdings Corporation is an innovative leader in the electrical industry, producing some of the most groundbreaking, cost-effective and high quality solutions for transformers globally. The Company currently manufactures and services liquid filled distribution, small and medium size power transformers up to a base rating of 40MVA at 145kV. PTI was recognised as one of Canada’s Best Managed Companies since 2008, achieving Platinum Status in 2014.

In 2005, CG attained CPT as part of the acquisition of the Pauwels group. CPT is based in Winnipeg, Manitoba, Canada. It manufactures medium and large power transformers for Utilities across Canada. CPT’s manufacturing capacity is 7,200 MVA per year and it employs around 200 people. This acquisition will further reinforce the offerings of PTI and their commitment to further develop the business.

Commenting on the significant development Mr. George Partyka, PTI’s CEO said, “The acquisition of CPT in Winnipeg is one step towards expanding PTI’s product and technology portfolio and will help to extend PTI’s leadership as innovators in Canadian built transformers and transformer based substation solutions. We are very pleased to welcome all the new employees into our family and look forward to creating more value for our customers”.

Commenting on the divestiture, Avantha Group Company CG’s CEO & Managing Director, Mr. Laurent Demortier said, “I am very pleased with PTI acquiring this business, a renowned manufacturer in Canada. PTI will leverage this asset and will ensure its sustained growth. We thank all the employees and customers who supported the development of CPT in the last 10 years. The divestiture is the second key step in CG’s strategy to refocus its business activity”.
 
About CG

Avantha Group Company CG is a global pioneering leader in the management and application of electrical energy. With more than 15,000 employees across its operations in around 85 countries, CG provides electrical products, systems and services for utilities, power generation, industries, and consumers. The company is organized into four business groups: Power, Industrial, Automation, and Consumer. 

For more information on CG, please visit: www.cgglobal.com

About Avantha 

The Avantha Group’s entities in diversified sectors include Crompton Greaves (power transmission and distribution equipment and services), BILT (paper and pulp), The Global Green Company Limited (food processing), Biltech Building Elements Limited (infrastructure), Avantha Power (energy), Avantha Business Solutions Limited (IT and ITES), Jg Glass (glass containers).

With a global footprint, the Group operates in 90 countries with more than 25,000 employees worldwide. 

For more information on Avantha, please visit: www.avanthagroup.com

Delta to Demonstrate its Leadership in Display Solutions with the Industry’s Slimmest DLP® Video Wall at InfoComm MEA 2015

Delta to Demonstrate its Leadership in Display Solutions with the Industry’s Slimmest DLP® Video Wall at InfoComm MEA 2015

Dubai, United Arab Emirates – Business Wire India

Delta Electronics, Inc., a global leader in power and thermal management solutions and pioneer in display solutions, announced today it will unveil, at InfoComm Middle East & Africa (MEA) show, its slimmest Digital Light Processing (DLP®) video wall featuring a depth of 450mm. Visitors will experience a live demonstration of its IP-based control system, DVCS®,  which turns our innovative video walls into comprehensive display and monitoring solutions for applications demanding 24/7 operations.
 
With the showcase of the industry’s slimmest DLP® video wall, Delta will demonstrate its technology dominance in displays during the 4-day event. Delta’s DLP® Video wall will be the limelight of the show, featuring a depth of 450mm with super-efficient projection engines; redundant power supplies, auto alignment, and auto color calibration used in mission-critical, control room and broadcasting applications. 
 
Ultra Narrow Bezel LCD Video wall will be seen featuring an ultra slim bezel to bezel of 3.5mm (typical) with high brightness well suited for control room and non-control room applications. These video walls allow a seamless connection between each display to create a powerful, high-impact visual experience for viewers. IP-based, highly expandable DVCS® (Distributive Vision Control System) Generation 2 will also be showcased at the Delta booth, offering visitors a chance to touch and feel its advanced functionality.
 
The InfoComm platform will also showcase Delta’s Ultra high resolution 1.8mm LED displays. Fine Pitch 1.8mm indoor LED displays is an ideal solution for large format indoor full-color, full-motion dynamic, life-like content display overcoming the challenges of short viewing for use in various applications including 24 x 7 control rooms.
 
Delta will exhibit its state-of-the-art display & monitoring solutions during InfoComm MEA 2015 at booth TA-F10, Dubai World Trade Centre, Dubai, U.A.E from October 19-22, 2015.

InfoComm is a leading and the most prestigious audio visual Expo designed for professionals in the audiovisual, information communications and systems integration industries.
 
About Delta

Delta, founded in 1971, is a global leader in power and thermal management solutions. Our mission is “To provide innovative, clean and energy-efficient solutions for a better tomorrow,” and our businesses encompass Power Electronics, Energy Management, and Smart Green Life. Delta has sales offices, manufacturing facilities and R&D centers worldwide. In 2014, was ranked at the highest A-level of the Climate Performance Leadership Index of the Carbon Disclosure Project (CDP).  Since 2011, Delta has been a member of the Dow Jones Sustainability Indices’ (DJSI) World Index.
 
About Delta Displays

Delta Displays, a division of Delta, is a pioneer in developing professional displays for control room as surveillance, security, traffic, command & control, utilities, process control, telecom and broadcast applications. Delta offers a wide array of display technologies including: rear projection DLP® video walls with Laser and Gen-Next LED technology, Ultra-thin-bezel LCD video walls, and high-resolution indoor/outdoor LED displays with a powerful & highly flexible Wall management Software suite.
 
More information about Delta Displays can be found at www.deltadisplays.com
 

CG Presents New Smart Grid Facility in Grenoble

CG Presents New Smart Grid Facility in Grenoble

Paris, France – Business Wire India

  • A high tech site specialised in HV, MV and LV smart grid solutions
  • Production at the facility will begin in January 2016
  • Grenoble is a  leading metropolis in Smart Grid innovation

 Avantha Group Company CG today presented its new Smart Grid solution centre in Grenoble, a high tech site specialised in smart solutions of HV, MV and LV electricity networks. Last November CG had announced the selection of Grenoble for establishing the centre for ZIV smart grid solutions in France.  The production at the facility will begin in January 2016, according to the timetable indicated by ERDF. CG will also contribute to the creation of sustainable local employment, as this centre will make available, around 200 direct and indirect jobs in the area, once full production capacity is reached.

Having been selected as one of the six companies to manufacture the ERDF Linky meters to be deployed in France, the facility in Grenoble is in line with providing local support to ERDF that announced in 2014 a massive deployment of 35 million smart meters by 2021. With France hosting and presiding over COP21, also known as the 2015 Paris Climate Conference marking its commitment to keeping global warming below 2°C, CG plays an important role by providing smart solutions for energy efficient sustainable electricity networks that contribute to the goal of reducing global warming in the world. 
 
CG, after acquiring ZIV, is a key provider of smart meters and an important player in the global smart grid market. The presence of ZIV reaffirms Grenoble’s position as a city leader in Smart Grids and ZIV will leverage the collaborative opportunities for more efficient management of energy networks. Drawing on the power of the Grenoble ecosystem for smart grid, AEPI, the Grenoble-Isère economic development agency has supported CG through a series of meetings with key stakeholders in research, innovation and the industry. CG has also been accompanied actively by Business France (India & France) in the framework of this project.
 
“With the inauguration of the ZIV Smart Grid solution centre in Grenoble, we are delighted with ZIV’s commitment, key player of the smart grid market, supporting us in the deployment of the Linky smart meters programme in France. The success of this major ERDF industrial programme is based on a strong partnership with all mobilised industrial companies”, said Catherine Cros, ERDF Industrial Director.
 
Commenting on the significance of the occasion, Avantha Group Company CG’s CEO and Managing Director Laurent Demortier said: “We are pleased to present our new world-class facility in Grenoble and thank everyone who has helped us in making this a reality. We remain focussed on making the smart grid a tangible reality by providing solutions born from innovation and Grenoble serves as the perfect place to set up a facility of this kind. With Europe’s smart metering market expected to grow sharply and hit 180 million units by 2020, the Grenoble facility, together with the existing facilities in Spain, will enable CG to address the demand from large-scale deployments in France, UK, Spain, the Netherlands and other countries in the area”.
 
About CG
 
Avantha Group Company CG is a global pioneering leader in the management and application of electrical energy. With more than 15,000 employees across its operations in around 85 countries, CG provides electrical products, systems and services for utilities, power generation, industries, and consumers. The company is organized into four business groups: Power, Industrial, Automation, and Consumer. 
 
For more information on CG, please visit: www.cgglobal.com
 
About ZIV 
 
CG, after acquiring ZIV, is the key provider of smart meters in Spain and an important player in the global smart grid market with more than three million smart meters deployed worldwide.  Headquartered in Bilbao, Spain, CG hosts the centre of excellence for the development of smart grid solutions commercialised under the ZIV® brand.  CG offers ZIV meters, data concentrator units (DCU), distribution automation solutions (DAS) and Substation Automation Systems (SAS).
 
About Avantha 
 
The Avantha Group’s entities in diversified sectors include Crompton Greaves (power transmission and distribution equipment and services), BILT (paper and pulp), The Global Green Company Limited (food processing), Biltech Building Elements Limited (infrastructure), Avantha Power (energy), Avantha Business Solutions Limited (IT and ITES), and Jg Glass (glass containers).
 
With a global footprint, the Group operates in 90 countries with more than 25,000 employees worldwide. 
 
For more information on Avantha, please visit: www.avanthagroup.com

Photo Caption: ERDF representatives & local authorities with CG’s CEO & MD Mr. Laurent Demortier at the ZIV Smart Grid Centre in Grenoble

CG Announces the Sale of CG-Lucy Joint Venture for Rs.402 Million to British Company W Lucy & Co. Limited

CG Announces the Sale of CG-Lucy Joint Venture for Rs.402 Million to British Company W Lucy & Co. Limited

Mumbai, Maharashtra, India – Business Wire India

Avantha Group Company CG announces the divestment of its entire 50% shareholding in CG Lucy Switchgear Limited to W Lucy & Co Limited, UK.

CG will divest its entire investment of 600,000 equity shares of Rs.10/- each made in 1994 (aggregating to Rs.6 Million) in the share Capital of CG Lucy Switchgear Limited (CG-Lucy) to W Lucy & Co Limited, UK for a consideration of Euro 5.5 million (Equivalent to Rs.402.60 million) and the execution of consequent definitive agreements. 

CG Lucy Switchgear Ltd. is a 50-50 manufacturing joint venture between the Company and W Lucy and Co. Limited, UK. Established in 1994, its factory is situated in Nasik, India and is a manufacturer for Ring Main Units (RMUs) for the India market. Post divestment, CG will continue to have distributorship of RMUs in India and will also continue to supply vacuum bottles and other products to CG-Lucy. The deal forms part of CG’s strategy to focus on its B2B activity in the Power HV sector. 

Commenting on the deal, Avantha Group Company CG’s CEO & Managing Director, Mr. Laurent Demortier said, “We are pleased with the performance achieved by this joint venture and we thank all the employees and customers who supported the development of CG-Lucy. We believe that W Lucy is the best potential owner for ensuring a long term future for CG-Lucy. Combining the CG Lucy Indian operations and Lucy Electric business will allow CG-Lucy to focus on developing products specifically for the Indian market and expand its offering within the MV sector”.

About CG

Avantha Group Company CG is a global pioneering leader in the management and application of electrical energy. With more than 15,000 employees across its operations in around 85 countries, CG provides electrical products, systems and services for utilities, power generation, industries, and consumers. The company is organized into four business groups: Power, Industrial, Automation, and Consumer. 

For more information on CG, please visit: www.cgglobal.com

About Avantha 

The Avantha Group’s entities in diversified sectors include Crompton Greaves (power transmission and distribution equipment and services), BILT (paper and pulp), The Global Green Company Limited (food processing), Biltech Building Elements Limited (infrastructure), Avantha Power (energy), Avantha Business Solutions Limited (IT and ITES) and Jg Glass (glass containers).

With a global footprint, the Group operates in 90 countries with more than 25,000 employees worldwide. 

For more information on Avantha, please visit: www.avanthagroup.com
 

Delta Introduced PMH Panel Mount Power Supply Series for Household Applications

Delta Introduced PMH Panel Mount Power Supply Series for Household Applications

New Delhi, Delhi, India – Business Wire India

Delta Electronics, Inc., a global leader in thermal and power management solutions extended its PMH panel mount power supply series with a higher maximum output power at 24V 200W. The product comes with several connector options consisting of Terminal Block, IP20, Front Face and Harness connectors.


The PMH-24V200WCBA provides universal input from 85Vac to 264Vac and high efficiency of > 91.5% @ 230Vac in a full corrosion resistant aluminium body. The highly efficient convection cooling construction can operate between -30°C to 70°C. The PMH series is specifically designed for household electrical appliances with safety approvals including IEC/EN 60335-1 and IEC/EN 61558-2-16 as well as IEC/EN/UL 60950-1. In addition, the product meets the EMC approvals to EN 55014-1 / EN 55014-2 for household appliances and EN 61000-6-1 / EN 61000-6-3 for residential environment without extra EMI filter required.

Highlights & Features

  • Household appliance approvals IEC/EN 60335-1, IEC/EN 61558-1 and IEC/EN 61558-2-16
  • Universal AC input voltage
  • Full power from -20°C to +50°C operation at operating altitude 5000m
  • Full corrosion resistant aluminium casing
  • High MTBF >700,000hrs as per Telcordia SR-332
  • Versatile connector options: IP20, Front Face and Harness connectors

 
New solutions are introduced on a regular basis. For more information or enquiries, please visit www.DeltaPSU.com.
 
About Delta Group

Delta Group, founded in 1971, is the global leader in power and thermal management solutions. Our mission statement, “To provide innovative, clean and energy-efficient solutions for a better tomorrow,” focuses our role in addressing key environmental issues such as global climate change. As an energy-saving solutions provider, Delta’s businesses encompass power electronics, energy management, and smart green life. Delta has sales offices worldwide with R&D centers and manufacturing facilities in Taiwan, China, USA, Europe, Thailand, Japan, Singapore, India, Mexico and Brazil.

Throughout its history, Delta Group has received many global awards and recognition for its business milestones, innovative technology and corporate social responsibility. Since 2011, Delta has been selected as a member of the prestigious Dow Jones Sustainability™ World Index (DJSI World) for 3 consecutive years. In 2013 it was also included in the DJSI Emerging Markets Index and ranked first in six criteria among DJSI’s World-leading Electronic Equipment, Instrument and Component Companies segment.

For detailed information on Delta Group, please visit: www.deltaww.com

Photo Caption: 24V 200W Panel Mount Power Supply

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