Friday, November 5, 2010

Acquisition in India

The Baumer Group, one of the leading global manufacturers of sensors and sensor systems has acquired the majority of Waaree Instruments, one of India’s leading suppliers of process control instruments. The company is part of the Indian Waaree Group, a family enterprise based in Mumbai. Financial terms of the deal were not disclosed.

“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,” stated Dr. Oliver Vietze, Chairman & CEO of the Baumer Group.

“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.” With the acquisition, Baumer will achieve a leading position in the Indian market.

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. 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.

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