Completion of Chloride Group PLC's Acquisition of DB Power Electronics Pvt Ltd, Pune, India

Pune, India (PressExposure) August 22, 2009 -- This follows the establishment of a strategic partnership in 2005 when DB became Chloride's exclusive partner in India, Bangladesh, Nepal and Sri Lanka. This strategic partnership has been very successful helping DB to generate significant sales growth (from both its own products and those of Chloride) over the last 4 years exceeding INR 250 Crore and employing more than 700 people throughout India.

DB's newly built manufacturing facilities in Pune and Satara are world class and have been supplying product into Chloride's international sales network for some time in addition to the Indian market, where DB is a market leader in high power UPS. Chloride and DB recently opened a new purpose built R&D facility in Pune, India to develop cutting edge technologies and products for the Indian market place, and which will now play a leading role in the development of Chloride Group's products and services for international markets.

DB will continue to develop, manufacture and promote its own field proven and highly reliable UPS products in India, alongside the complementary Chloride products and services - both standard and industrial.

The DB Power name is valued and respected throughout the region and will continue to be used.

The combination of the Chloride and DB product and services offering is unique in the Indian power protection market and together the business will develop further for the benefit of all customers.

Tim Cobbold Chief Executive Chloride Group PLC

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Press Release Submitted On: August 22, 2009 at 3:23 am
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