Bengaluru, NFAPost: Wipro PARI, the industrial automation business of Wipro Infrastructure Engineering (a Wipro Enterprises entity), announced it has signed a definitive agreement to acquire Hochrainer GmbH, based in Freilassing, Germany.
Hochrainer GmbH, a family-owned company, has been in operations since 1973 and employs around 130 people. The company has established itself as an important supplier of automation technology and assembly systems for numerous global automobile manufacturers. Hochrainer also has a significant presence in other non-automotive sectors and works with key global players in these sectors.
For Wipro PARI, which has around 1300 employees and a significant global presence, this acquisition represents an important step in the strategic development of the group in Europe.
For Hochrainer, it will help the company achieve sustainable growth and have access to resources and future technologies to compete globally. The leadership team of Erich and Werner Hochrainer would now be part of the European organisation of Wipro PARI.
Commenting on the acquisition, Wipro Infrastructure Engineering (WIN) CEO Pratik Kumar said the company’s Industrial Automation business has grown significantly in the last four years.
“This acquisition will further help us expand our Europe presence and consolidate our global leadership position. It will bring significant benefits to our customers and other stakeholders,” said Wipro Infrastructure Engineering (WIN) CEO Pratik Kumar.
The Hochrainer management sees the realignment as absolutely positive and both companies have been established in their fields for years as world leaders in innovation, technology, and quality.
“Together we will be able to expand this position further. We are convinced that this engagement will bring significant benefits to customers and long-term future prospects for Wipro Hochrainer,” states Hochrainer management.
Wipro PARI Managing Director & Co-CEO Ranjit Date said the company looks forward to further developing Hochrainer as an innovation leader.
“With this acquisition, we will strengthen our capability globally, grow our offerings in EV space, and provide a solid base to support the European customers,” said Wipro PARI Managing Director & Co-CEO Ranjit Date.
Mr. G Sundararaman, Co-CEO, Wipro PARI, said, “As a globally operating mechanical and plant engineering company with a strong brand and customer relationships that have grown over decades, Hochrainer fits perfectly into our growth strategy.”
About Wipro Infrastructure Engineering
Wipro Infrastructure Engineering is a diversified business with expertise spanning over 4 decades of engineering and manufacturing excellence in Hydraulics, Industrial Automation, Aerospace, Water Treatment, and Additive manufacturing.
The Industrial Automation vertical under the Wipro PARI entity has deployed over 1500 automated systems worldwide across more than 75 global customers. Wipro PARI has deep expertise in turnkey automation solutions in assembly, machining, material handling, and logistics. It has excellent facilities in Pune, India, and Detroit, USA.
