Mitsubishi Electric Corporation has acquired it's Indian sales and distribution partner - the Messung Group. This acquisition will allow Mitsubishi Electric to accelerate its industrial automation systems business in India and strengthen local sales and solutions.
This acquisition will allow Mitsubishi Electric to accelerate its industrial automation systems business in India and strengthen local sales and solutions.
The Messung Group, which has partnered Mitsubishi Electric for some 15 years, will be merged with Mitsubishi Electric India Pvt. Ltd. Operations of the consolidated business will commence in April.
Ambit Corporate Finance acted as exclusive financial advisor to Messung Group on their transaction with Mitsubishi Electric Corporation.
Founded in 1981, Messung Group manufactures Programmable Logic Controllers, Remote Input / Output Units & Text Human Machine Interface Products. Messung Group has ten sales offices and one PLC/HMI factory in Pune. It employs over 400 employees.
In 2010, Messung Group floated Messung Technologies Pvt. Ltd which is in the business of providing Automation Systems and Solutions, using Mitsubishi Electric’s products.
Gurgaon based Mitsubishi Electric India Pvt. Ltd is the Indian arm of Mitsubishi Electric Corporation. It provides sales and support services for Mitsubishi Electric's air conditioning systems, industrial automation products, power modules and visual & imaging products.
KVEZAR VIEW
| Date | Transaction | Type | Buyer | Size ($mn) |
| 23/01/12 |
Messung Group - Mitsubishi Electric Corp |
M&A |
Mitsubishi Electric Corporation |
- |
| Date | Type | Buyer | Target | Size ($mn) | State |
| 16/02/12 |
Private Equity |
Oxley Group |
Ushdev International Limited |
32.32 |
Announced |
| 16/02/12 |
Private Equity |
Jacob Ballas Capital India Private Limited |
DBM Geotechnics and Constructions Private Limited |
20.20 |
Completed |
| 06/02/12 |
Venture Capital |
Unitus Seed Fund |
Bodhicrew Services Private Limited |
- |
Announced |
| 06/02/12 |
Private Equity |
Foundation Capital |
Agni Property Services Private Limited |
4.00 |
Completed |
 |
Ambit Corporate Finance (I Bank) |
