Crompton Greaves, a leading Indian power solutions provider, has announced that it envisages to purchase manufacturers of power and industrial systems in US and Europe.

According to the company officials, Crompton, as a zero debt conglomerate, will not face any problem in funding the acquisitions.

The sources said that the conglomerate for the last three fiscals is on acquisition spree after acquiring a Belgium-based transformer manufacturer Pauwels in 2005.

This was followed by acquisition of Ireland-based sub-station and distribution automation specialist conglomerate Microsol Holdings in 2007 and in June 2008, it bought a French transformer maker Sonomatra.

Crompton Greaves manufactures electrical products and services related to power generation, transmission and distribution, besides executing turnkey projects.

Stock of Crompton Greaves closed at Rs 118, down 0.84 percent on National Stock Exchange (NSE). The total volume of shares traded was 223,258 at the NSE.