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Corporate
Lloyd Electric completes Janka Radotin assets buy

MUMBAI: Lloyd Electric & Engineering Ltd has informed BSE that the company through its subsidiary (WOS), Janka Engineering s.r.o. has successfully completed the acquisition of assets (and no liabilities) alongwith trademark ‘JANKA’ of Janka Radotin a.s. for €3.7 million.

Janka Radotin a.s. is a leading Czech-based manufacturer of products in the field of air handling units, major components of HVAC system (heating, venting and air-conditioning) having a track record of 137 years.

With this acquisition, Lloyd Electric has acquired a second latest manufacturing facility in Prague-Radotin, Czech Republic. — Our Bureau

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