India’s burgeoning T&D market is in the sights of Toshiba Corporation, as it continues on the acquisition trail with its latest, just completed, of the power transmission and distribution businesses from the Indian manufacturer Vijai Electricals Ltd.
The acquired assets include power transformer, distribution transformers and switchgear businesses.
The new subsidiary, Toshiba Transmission & Distribution Systems (India) Pvt. Ltd., will run the acquired businesses and provide them with Toshiba’s latest design, development and production capabilities in order to supply a wide range of T&D products globally as well as in India. TTDI will also deploy businesses in other areas, such as EHV and high voltage direct current power transmission, static var compensators for high voltage networks, and railway power supply system, in India.
According to a Toshiba statement the acquisition allows Toshiba to make a full-scale entry into India’s T&D market, with the aim to capture a 20% share in five years. By 2015, Toshiba targets building a 700 billion yen (US$6.7 billion) global T&D and smart grid business that will utilize TTDI and established T&D manufacturing facilities in Japan, Brazil, China, Russia, Malaysia and Vietnam, along with the global sales channels of Toshiba subsidiary and Landis+Gyr AG.
TTDI with approximately 4,500 employees is located in Rudraram in Andhra Pradesh state. The chairman is Katsutoshi Toda.