The Swiss Baumer Group, a manufacturer of sensors and sensor systems, has acquired the majority of Waaree Instruments, a supplier of process control instruments in India. The company is part of the Indian Waaree Group, a family enterprise based in Mumbai. Financial terms of the deal were not disclosed.
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 family-owned Baumer is headquartered in Switzerland (Frauenfeld) and employs more than 2,000 people worldwide in 35 locations and 18 countries.
Waaree Instruments was founded in 1989 by the Doshi brothers, first-generation entrepreneurs with over 20 years of industry experience. With more than 500 employees the company is part of the Waaree Group and one of India’s manufacturer and supplier of process control instruments.