Wipro Infrastructure to acquire Precision Automation and Robotics India
Wipro Infrastructure Engineering said that its industrial automation business – WIN Automation has agreed to acquire Precision Automation and Robotics India (PARI), an Indian industrial automation company, for an undisclosed price.
The combined capabilities of the two businesses are expected to help expand Wipro Infrastructure Engineering’s offering, grow its global footprint, and bolster its ability to pursue deeper customer relationships in India and across the world.
Established in 1990, Precision Automation and Robotics India is also said to have a considerable overseas presence. It is claimed to have deployed more than 1,500 automated systems for over 75 global customers.
Precision Automation and Robotics India is also said to have built deep technical capabilities for understanding and delivering on the automation requirements of the industry from its facilities located across Pune, India, and Detroit, US.
Mangesh Kale – Precision Automation and Robotics India Managing Director said: “This is a proud moment for us partnering with a reputed organization like Wipro. Wipro’s four decades of deep engineering expertise enhances our capabilities significantly.
“Over the last 30 years, we have established PARI as a reputed industrial automation company and this partnership enables us to widen our horizon further.”
Wipro Infrastructure Engineering expects the combined company will now be able to address the complete stream of industrial automation solutions, which includes turnkey physical automation projects and also digital factory initiatives to customers.
Pratik Kumar – Wipro Infrastructure Engineering CEO said: “We ventured into Industrial Automation business with the vision to be among the leading players globally. Over the last few years, we have built significant capabilities and partnerships.
“With PARI’s addition to Wipro family, our combined strength makes us a complete Industrial Automation Company capable of serving customers globally and offers significant growth opportunities in the future.”