Switzerland based Baumer Group buys majority of India’s Waaree Instruments Ltd

Switzerland’s foremost manufacturer of sensors and sensor systems, as well one of the leading global manufacturers of the same, Baumer Group reported it had bought majority shares in India’s Waaree Instruments Ltd. Waaree Instruments Ltd is one of India’s foremost suppliers of process control instruments. The Indian firm is part of the Indian Waaree Group, a family enterprise based in Mumbai. However, the financial details of the transaction were not revealed.

Dr. Oliver Vietze, Chairman & Chief Executive Officer of the Baumer Group said the acquisition will boost the firm’s activities on the Indian subcontinent. It complements the international expansion strategy of Baumer and is an excellent opportunity to strengthen the firm’s process instruments business, he said. For Baumer, the acquisition is a strategic fit and will greatly complement its global offering in the Indian subcontinent, he added.

Waaree Instruments is an established player in India with a widespread Indian distribution network and state-of-the-art manufacturing facilities. This investment will improve Baumer’s ability to meet local customer requirements, speed up its local delivery and to timely react to the dynamic and growing Indian market. With the acquisition, Baumer wants to achieve a leading position in the Indian market, said 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. Market activities in India of both, Baumer and Waaree, will be aligned within the next months.

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 firm’s 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.

Waaree Instruments Ltd. is engaged in the designing, manufacturing and marketing of industry specific process control instruments and solutions. The firm was founded in 1989 by the Doshi brothers, first-generation entrepreneurs with over 20 years of industry experience. The firm is part of the Waaree Group and one of India’s leading manufacturer and supplier of process control instruments.

10 Nov 2010.