Aruna Narayan, Telemetrics’ Managing Director said the acquisition is a smart choice in a challenging business environment to jointly work on a bigger platform, both domestic and international
Nashik-based engineering company Motwane has announced its strategic acquisition of equipment firm Telemetric Equipment Pvt Ltd based in Pune. Telemetrics deals with highly specialised underground cable fault locating equipment.
Telemetric’s cable fault location range of products and systems will enhance Motwane’s product portfolio, the company said in a statement. Through the acquisition, the company is able to expand into providing further smart test and measurement solutions to its clients in India and abroad.
Gautam Khandelwal, Chairman of Motwane Group said, “Telemetrics is a very well-run company. We are pleased to welcome Telemetrics to the Motwane Group. The two companies will add value to each other’s offerings, and help create an Indian champion in the test and measurement space that can compete with the best globally.”
The company further said the acquisition will increase its market share and as a result, aligns with Motwane’s vision of becoming a key global player in the electrical Test & Measurement industry. The company, however, did not disclose the deal size.
Underground cable fault location is a growth area, since power cables are increasingly being laid underground as a result of rapid urbanization, and distributed renewable energy generation, Motwane said.
Aruna Narayan, Telemetrics’ Managing Director said the acquisition is a smart choice in a challenging business environment to jointly work on a bigger platform, both domestic and international.
“We can now share a bigger product basket with our loyal customers, most of them being common, offering joint R&D efforts, and prompt services. It is the unique blending of engineering and people skills, whether technical or in the human potential realm, that opens up new and exciting vistas for the growth of both companies,” Narayan said.
Motwane’s strong distribution network in India and its international customer base is a perfect opportunity for Telemetrics to expand into those new markets, the statement further said.
