Switzerland- based Baumer group, a family-owned leading international manufacturer of sensors and sensor systems for factory and process automation, has bought majority stake in Mumbai-based Doshi brothers-owned Waaree Instruments Ltd for an undisclosed amount.
Ladderup, a mid-market focused independently owned boutique Investment Bank, has acted as exclusive advisor to the Doshi Family in this transaction.
Waaree Instruments Limited (WIL), a part of Waaree Group, is engaged in the designing, manufacturing and marketing of industry?specific process control instruments and solutions. WIL was founded in 1989 by the Doshi Brothers, first-generation entrepreneurs with over two decades of experience. WIL is a part of the Waaree Group, a player in process control equipments, industrial valves, solar energy, lubricants & petrol/fuel station equipments.
Baumer has presence in 18 countries and has products in segments such as sensor solutions, motion control, vision technologies, process instrumentation and gluing systems.
Ladderup had recently advised Deepak Fasteners, a manufacturer of specialty industrial fasteners used in hostile environments, in two rounds of funding from BanyanTree Growth Capital LLC and DEG. BanyanTree, the Mauritius-based $115-million mezannine fund, has invested $15 million in Deepak Fasteners for a minority stake in the first round and DEG, a member of KfW Bankengruppe (KfW banking group), had taken a minority stake in DFL at an undisclosed amount.