As a result of various mergers and acquisitions in the electrical engineering industry, the business would later operate under the names of Marconi Electronic Devices, GEC Plessey Semiconductors and Mitel Semiconductors. In 2000, Dynex Power Inc, a small, publicly quoted Canadian company, formed Dynex Semiconductor Ltd to purchase the assets of Mitel Semiconductors. Following the acquisition, Dynex Power’s operations in Canada were closed down and now all operations of the Dynex Group are carried out in Lincoln as part of Dynex Semiconductor Ltd. In 2008, Zhuzhou CSR Times Electric Co. Ltd, a company based in the Hunan Province of The People’s Republic of China bought 75% of the share capital of Dynex Power Inc. CSR Times Electric is quoted in Hong Kong but is majority owned by the CSR Group also based in Hunan Province in The People’s Republic of China. CSR Group is quoted in Shanghai and Hong Kong but is itself majority owned by the Chinese State–owned Asset Supervision and Administrative Commission based in Beijing in The People’s Republic of China.