Baumer Acquires Majority Of Waaree Instruments Ltd. In India

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Strengthening the market position in India

Baumer Acquires Majority Of Waaree Instruments Ltd. In India
Baumer Acquires Majority Of Waaree Instruments Ltd. In India

The Swiss Baumer Group, one of the leading global manufacturers of sensors and sensor systems, announced that it has acquired the majority of Waaree Instruments Ltd., 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 dealwere 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,” states 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 Indianmarket.” With the acquisition, Baumer wants to achieve a leading position in the Indian market.

Posted on November 8, 2010 - (4375 views)
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