Toshiba said it has completed the acquisition of India based Vijai Electricals’ power transmission and distribution businesses. The acquired assets include power transformer, distribution transformers and switchgear businesses. A new Toshiba subsidiary, Toshiba Transmission & Distribution Systems (India) Pvt. Ltd.(“TTDI”), to run the acquired businesses. Toshiba said TTDI to also deploy businesses in other areas, such as EHV and high voltage direct current power transmission, static var compensators for high voltage networks and railway power supply system, in India. With this acquisition, Toshiba aims to capture 20% share in five years. By 2015, Toshiba targets building a 700-billion yen global T&D and smart-grid business that will utilize TTDI and established T&D manufacturing facilities in Japan, Brazil, China, Russia, Malaysia and Vietnam, along with the global sales channels of Toshiba subsidiary and Landis + Gyr AG.