By: ICN Bureau
Last updated : April 17, 2025 6:05 pm
Adapt Control Systems GmbH has an authorised and paid-up capital of 25,000 Euro
CoSyst Control Systems GmbH, a step-down subsidiary of the Kanoria Chemicals & Industries, has incorporated two wholly-owned subsidiaries, Adapt Control Systems GmbH in Germany and Adapt Control Systems Inc. in Canada, to strengthen its presence in the automotive sector.
Adapt Control Systems GmbH has an authorised and paid-up capital of 25,000 Euros. It currently has no turnover and is entirely owned by CoSyst. The entity will focus on the development and production of electronic devices for automotive applications. The incorporation does not involve any related party transactions, cash consideration, or regulatory approvals.
Adapt Control Systems Inc. has an authorised capital of 10,000 CAD and no paid-up capital as operations are yet to begin. It is also fully owned by CoSyst and shares the same business focus as its German counterpart.