Woodfield Techniques to take a position $100 mn for manufacturing in India

Woodfield Techniques Worldwide (WSI), a participant within the design and manufacture of bulk fuel and fluid administration options has acquired the enterprise of Woodfield Techniques Ltd. UK, an engineering and manufacturing enterprise. The corporate, in a bid to increase, plans to take a position $100 million to start out manufacturing in India; it is going to additionally rent 200 staff over the following 36 months.

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This strategic acquisition will see taking possession of the worldwide enterprise of Woodfield Techniques Ltd UK. The corporate didn’t reveal the worth of acquisition. The synergy between Woodfield Techniques UK’s technical mastery and the business expertise of WSI’s management group will considerably elevate the corporate’s providing and its place, internationally, mentioned the corporate. Additionally it is eyeing extra acquisitions in North America and Europe.

Atmanirbhar Bharat

Kartik Gala, CEO & Board Member, Woodfield Techniques Worldwide, mentioned, “This product is very specialised, and area of interest with solely a handful of worldwide producers, and we might be the only real Indian firm producing it fully inside India. We purpose to make a world-class product from India for India and the world.”

The corporate at present has two vegetation in Maharashtra and has a 3rd plant beneath execution which is able to tentatively be operational within the subsequent 10-12 months. It’s clientele in India contains Shell and Indian oil, amongst others. The funding is in alignment with the spirit of ‘Atmanirbhar Bharat’ – cementing the nation’s standing as a world manufacturing and engineering powerhouse, mentioned the corporate.

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The corporate gives customised options for managing protected switch of bulk fluids and Gasoline together with cryogenic merchandise like LNG & Liquid Hydrogen. Industries that WSI caters to incorporate the oil & fuel, petrochemicals, chemical, and aviation sector with the design and manufacture of merchandise & options reminiscent of Loading & Unloading Arms for Land and Marine Purposes, Metering & Course of Skids and Security Entry Techniques. WSI is headquartered in India, with amenities in Spain, Mexico, Abu Dhabi & USA. The corporate at present has a world group of over 300 staff