Mitsubishi Electric India Pvt Ltd and the Messung Group jointly announced that they have signed a business transfer agreement to merge the operations of the Messung Group with Mitsubishi Electric India. The Messung Group an Indian manufacturer of programmable logic controllers (PLCs) and human machine interfaces (HMIs) is currently one of Mitsubishi Electric's sales and distribution partners in India. The acquisition will allow Mitsubishi Electric to accelerate its industrial automation systems business in India and strengthen local sales and solutions, aiming at sales of JPY 15 billion by the fiscal year ending March 2016.

The business transfer agreement signed by the two parties in December 2011 is expected to be completed by the end of March 2012 to finalize the acquisition. The industrial automation market in India is expected to grow by more than 10 per cent annually. At the forefront of the industrial automation business in India, the Messung Group has been Mitsubishi Electric's sales and distribution partner for 17 years. The Messung Group has built strong relationships in industries like automotive, printing, textile, pharmaceutical and food and beverage industries by providing technical support and solutions to industrial automation equipment manufacturers.

Printer-Friendly Version E-mail This Article