Japan’s Fuji Electric Co., Ltd.has entered into an agreement to acquire 100% stake in Consul Neowatt Power Solutions Pvt Ltd (CNPS), a maker of uninterruptible power supply (UPS) systems. Fuji Electric will expand its power electronics systems business in India, targeting mainly the manufacturing industry and the data center market, which has been booming in recent years, by leveraging CNPS’s network of sales and service centers across the country

(Dealstreet Asia)