In parallel, Toshiba will establish a new company that will absorb the acquired business, and also integrate Toshiba's state-of-the-art design and manufacturing technologies for T and D systems.
The new company will also enter other growing markets in India, including power electronics systems, such as high voltage direct current (HVDC) power transmission and static var compensators for high voltage networks (SVC), and railway power supply systems.
Toshiba will position the new company as a core production base for expanding its T and D business in India and the global market, alongside its other bases in Japan, China, Brazil, Russia and Southeast Asia.
Vijai was established in 1973, to manufacture and sell electricity distribution transformers.
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