Corporate News     07-Feb-13
Cerebra Integrated Tech acquires Cimelia E-Waste Recycling Plant with global network
The deal to make Cerebra amongst the first Global Indian MNC in the E-Waste space
Cerebra Integrated Technologies has signed a share purchase agreement (SPA) with Singapore based Enviro-Hub Holdings to acquire 100% of its wholly owned subsidiary Cimelia Resource Recovery, Singapore. Cerebra will be investing approximately $20 million (approx Rs 110 crore) for the proposed acquisition.

With this deal, Cerebra will become one of the first Global Indian MNCs in the area of waste arising from electronics & electrical equipment (WEEE). Cimelia has been in to E-Waste (Electric & Electronic Waste) Recycling for about nine years in the past.

The company made this announcement during the trading hours today, 07 February 2013.

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