Toshiba Corporation has acquired assets of Vijai Electricals Ltd.'s power transmission and distribution businesses. They include power transformer, distribution transformers and switchgear businesses.
A new Toshiba subsidiary, Toshiba Transmission and Distribution Systems (India) Pvt. Ltd. (TTDI), will manage newly acquired businesses and provide them with Toshiba's latest design, development and production capabilities.
Toshiba will now enter India's T and D market, where it aims to capture 20% share in five years.