Lord's Mark acquires Radio Electric (Radiotone) for Rs 4.50 Cr cash
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Lord's Mark Industries has completed acquisition of Radio Electric Private Limited, owner of the 'Radiotone' brand, for Rs 4.50 Cr in cash, taking 100 percent equity. The target is a profitable, debt-free electrical engineering firm with 87 years of heritage specialising in transformers, Variacs, and power control solutions. It serves 40-50 blue-chip domestic clients and exports to 7 countries including the USA, Europe, and Canada. The deal expands the Lighting and Energy Division, adding battery energy storage capability and in-house component manufacturing for the medical devices business.
Bolsters Lighting and Energy Division with a profitable, debt-free target. Adds BESS capability and 7-country export reach. Modest Rs 4.50 Cr deal size limits risk.