Bengaluru, Dec 10 (UNI) Wipro Infrastructure Engineering’s Industrial Automation Business has signed a definitive agreement to acquire Pune based Precision Automation and Robotics India (PARI), India’s largest Industrial Automation Company.
Founded in 1990, PARI is a leading player in Industrial Automation in the country with significant overseas presence. The Company has deployed over 1,500 automated systems worldwide across more than 75 global customers, according to a release here on Thursday.
Wipro Infrastructure Engineering CEO Pratik Kumar said, “We ventured into the 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 the 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.”
PARI Managing Director Mangesh Kale, commenting on the deal, said, ” 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.”
“With this agreement, we will now be able to offer the entire gamut of services and solutions in Industrial Automation. The business verticals we envisage to grow in India and globally are strengthened further with decades of capability and expertise that PARI brings,” said Mr G Sundararaman, Senior Vice President & Head, WIN Automation.
“Over the years, PARI has consistently demonstrated its capabilities and innovative abilities in meeting automation needs of the automotive industry including the emerging technologies like electric vehicles. We have provided reliable automation solutions with cutting edge technology built-in. Being part of Wipro will further help us in our innovation and customer-centricity,” said Dr Ranjit Date, President and Joint Managing Director, PARI.
