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Mitsubishi Electric to Strengthen Industrial Automation Systems Business in India through Acquisition of Messung Group
The Messung Group, which has partnered Mitsubishi Electric for some 15 years, will be merged with Mitsubishi Electric India Pvt. Ltd. A business transfer agreement signed by Mitsubishi Electric and the Messung Group in December 2011 is expected to be completed by the end of March 2012 to finalize the acquisition. Operations of the consolidated business will commence in April.
The industrial automation market in India is expected to grow by more than 10% annually, driven by increasing demand in the automotive, textile, pharmaceutical, and food and beverage industries. The Messung Group has built strong relationships in these industries by providing technical support and solutions to industrial automation equipment manufacturers. Mitsubishi Electric will leverage these relationships, and the Messung Group's expertise in sales, manufacturing and development, to strengthen its solution business and penetrate more deeply into this fast-growing market under a growing commitment to provide quality products and services to Indian customers.
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