German mechanical and plant engineering firm Durr Group has acquired Chennai-based Mhitraa Engineering Equipment as part of expansion of its cleaning technology business in India for an undisclosed sum.
"The acquisition of Mhitraa enables us to expand our portfolio of cleaning systems for the Indian market, thus covering the entire range from entry-level cleaning machines to high-end-systems," Head of D rr's Measuring and Process Systems division and CEO of Carl Schenck AG Ralf-Michael Fuchs said in a statement.
Carl Schenck is a subsidiary of D rr AG and acts as a holding company performs central tasks for its divisions.
Mhitraa is a specialist for industrial cleaning systems and has close supplier relations with automotive and motorcycle manufacturers as well as engine suppliers in India.
It has around 60 employees and achieved sales in the single-digit million euro range. Since its foundation in 1988, the company has installed more than 500 cleaning systems in India, D rr said in its statement.
The automotive industry uses industrial cleaning systems to clean workpieces such as engine and transmission components in the production process.
"The acquisition of Mhitraa rounds off its cleaning technology portfolio -- D rr Ecoclean mainly serves the mid to high-end price and technology segment. Mhitraa, on the other hand, offers systems for the entry-level segment, which is particularly important in India," D rr added.
Schenck has had a presence in India since 1987 with a production company for balancing machines.
Bullish on the Indian market, D rr AG CEO Ralf W Dieter said: "After some difficult years, the Indian economy is at the beginning of a new upswing. This will also benefit automotive sales. Our wide range of products and services will enable us to support the automotive industry in India efficiently throughout its expansion."
