BENGALURU: Wipro PARI, the industrial automation business of Wipro Infrastructure Engineering (WIN), is acquiring Germany-based automation tech firm Hochrainer.
Hochrainer is a supplier of automation technology and assembly systems for numerous global automobile manufacturers. It also has a significant presence in non-automotive sectors. A family-owned company that started operations in 1973, Hochrainer employs around 130 people. For Wipro PARI, which has around 1,300 employees and a significant global presence, the 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.
Pratik Kumar, CEO, WIN, said, “Our 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.”
WIN has expertise spanning over four decades in hydraulics, industrial automation, aerospace, water treatment, and additive manufacturing. Its industrial automation vertical has deployed over 1,500 automated systems worldwide across more than 75 global customers. It has facilities in Pune and Detroit.
