S&S Power Switchgear Limited entered into an agreement to acquire 49% of stake in S&S Power Switchgear Equipment Limited from Coelme Costruzioni Elettromeccaniche Spa for €0.39 million on December 1, 2017. S&S Power Switchgear Limited will acquire 0.6125 million shares in S&S Power Switchgear Equipment Limited. Post completion S&S Power Switchgear Equipment Limited will become subsidiary of S&S Power Switchgear Limited. S&S Power Switchgear Equipment Limited reported revenues of €4.52 million for the year ended March 31, 2017. The deal has been approved by Board of S&S Power Switchgear. The transaction is expected to close on or before December 31, 2017. S&S Power Switchgear Limited completed the acquisition of 49% of stake in S&S Power Switchgear Equipment Limited from Coelme Costruzioni Elettromeccaniche Spa for €0.39 million on January 12 , 2018.