Sangli, July 10 -- In a significant strategic move,Quality Power Electrical Equipments Ltd.(NSE: QPOWER, BSE: 544367) andYash Highvoltage Ltd.(BSE - SME: 544310) have jointly announced the signing of aBinding Term Sheetto acquire100% stake in Sukrut Electric Company Pvt. Ltd.(SECPL), a Pune-based transformer component manufacturer with a legacy spanning over six decades.

The acquisition is being executed via a complete buyout from a German Multinational. The current promoters for several years have contributed to elevating the company's technical capabilities and global reach.

This transaction brings together two of India's fastest-growing high-voltage equipment players-Quality Power, a specialist in High Voltage Power Products and Powe...