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Baumer Acquires Waaree Instruments in India

  • November 07, 2010
  • Baumer Ltd.
  • News

Summary

November 7, 2010 - Baumer Group 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 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,” 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 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. Over the past years, Baumer has successfully implemented its policy of establishing itself as a global company with strategic local representations. About the Baumer Group: Baumer is a leading international manufacturer of sensors and sensor systems for factory and process automation. The family-owned company is headquartered in Switzerland (Frauenfeld) and employs more than 2,000 people worldwide in 35 locations and 18 countries. The long-lasting success is built on high customer focus as well as the innovative and diversified product range of the five product segments Sensor Solutions, Motion Control, Vision Technologies, Process Instrumentation and Gluing Systems. About Waaree Instuments Ltd.: Waaree Instruments Ltd. is engaged in the designing, manufacturing and marketing of industry specific process control instruments and solutions and was founded in 1989 by the Doshi brothers, first-generation entrepreneurs with over 20 years of industry experience. With more than 500 well experienced employees the company is part of the Waaree Group and one of India’s leading manufacturer and supplier of process control instruments. The company is ISO 9001:2008 certified and has consecutively received the Star Performer Award by the Engineering Export Promotion Council of India from 2004 to 2009. Learn More

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