ABB Group is about to acquire Raman Boards (RBL), a Mysore-based company manufacturing press boards and insulation components. RBL was established in 1979 in technical collaboration with Rogers Corporation of the United States. It employs around 300 people across 4 manufacturing facilities in India at Nanjangud (Mysore), Thandavapura (near Mysore), Sonepat (near Delhi) and Navi Mumbai. The acquisition would complement ABB's global insulation components capacity, which includes making insulation material for transformers, as well as electrical and mechanical components.
Read the article from The Economic Times and Moneycontrol.com for more details.
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