Baumer acquires Indian supplier of process control instruments
08 November 2010
The Swiss Baumer Group, a manufacturer of sensors and sensor systems, has announced that it has acquired the majority of Waaree Instruments, an India-based supplier of process control instruments. The company is part of the Indian Waaree Group, a family enterprise based in Mumbai.
Commenting on the announcement, Dr. Oliver Vietze, Chairman & CEO of the Baumer Group, said: “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.”
“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.
Market activities in India of both, Baumer and Waaree, will be aligned within the next few months.
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