Register to Subscribe



Home arrow Mergers and Acquisitions arrow Baumer Group Acquires Majority shares Of Waaree Instruments Ltd. in India
Baumer Group Acquires Majority shares Of Waaree Instruments Ltd. in India Print E-mail
Written by Viswanath   
Friday, 12 November 2010
Mumbai: Switzerland’s leading manufacturer of sensors and sensor systems, the Baumer Group, has acquired the majority of Waaree Instruments Ltd., one of India's leading manufacturers of process control instruments. The company is part of the Indian Waaree Group, a family enterprise based in Mumbai.

"The acquisition will boost our activities on the Indian subcontinent. It complements the international expansion strategy of Baumer and is an excellent opportunity to strengthen our process instruments business," said Dr. Oliver Vietze, Chairman & CEO of the Baumer Group.

Waaree Instruments Ltd. is engaged in the designing, manufacturing and marketing of industry specific process control instruments and solutions.

Market activities in India of both, Baumer and Waaree, will be aligned within the next months. The acquisition creates a benefit for local customers as they can select from a broader portfolio of mechanical and electronic Process Instruments.

"Waaree Instruments is an established player in India with a widespread Indian distribution network and state-of-the-art manufacturing facilities. This will improve our ability to meet local customer requirements, speed up our local delivery and to timely react to the dynamic and growing Indian market," said Dr. Oliver Vietze.

Baumer started its Indian business in 2007 with a sales company based in Pune, initially focusing on the factory automation sector with its Sensor Solutions, Motion Control and Gluing System activities. It was expanded with Baumer’s Process Instrument portfolio in 2009.

With the acquisition, Baumer is expected to achieve a leading position in the Indian market.

Baumer, which is also a family-owned company, is headquartered in Switzerland (Frauenfeld) and employs more than 2,000 people worldwide in 35 locations and 18 countries.

 
Related news
More recent
Earlier on
< Prev   Next >

Sponsors

Mazak - The world's largest machine tool builder
JYOTI - India's most dynamic machine builder
TaeguTec - Cost effective tooling solutions
Advertisement

<< SHARE

Social

AD

Subscribe

Subscribe to MACHINIST by Email

Search

 
RSS 1.0
© 2017 MACHINIST
This site is best viewed with Firefox 2.0 or higher at a minimum screen resolution of 1024x768