Kaynes Technology Develops Iskraemeco India to Strengthen Energy Solutions.

Kaynes Technology has acquired Iskraemeco India, a company specializing in smart meter solutions, for 43 crore. This acquisition will allow Kaynes Tech to expand its energy management portfolio and offer a wider range of smart metering products. Iskraemeco India has a strong presence in the smart metering sector, with a turnover of 265.42 crore in the last fiscal year. Kaynes Tech aims to strengthen its position in the smart meter and energy management industry by integrating Iskraemeco's resources and skills, improving production capabilities, and expanding market share. This acquisition will enable Kaynes Technology to meet the growing demand for intelligent energy solutions from various industries. [Extracted from the article]