GMM Pfaudler Ltd(GMMP,www.gmmpfaudler.com), a leading supplier of process equipment to the pharmaceutical and chemical industries and part of the Pfaudler Group, has acquired theIndustrial Mixing Solutions Division(IMSD,www.sudarshan-imsd.com) of Sudarshan Chemical Industries Ltd., Pune. The transaction is subject to completion of specific conditions.
The acquisition of IMSD would enhance GMMP s industrial mixing business vertical by bringing in new products, technologies, customers and industry segments. Significant cost synergies are expected, due to economies of scale, value engineering and by leveraging the strengths of both the organisations. The two businesses once consolidated would become India s premier industrial mixing solutions provider.
We are pleased to announce the acquisition of Industrial Mixing Solutions Division from Sudarshan Chemical Industries Ltd saidMr. Tarak Patel, Managing Director of GMM Pfaudler. With this acquisition, we will create a business vertical that will have a greater focus in the industrial mixing space and will provide our customers with innovative mixing technologies, which will help them improve efficiencies and reduce costs.
He added We believe that this acquisition is a strategic fit and will reinforce our strategy of growing profitably and creating long term value for our shareholders.
Mr. Thomas Kehl, CEO of Pfaudler Groupfurther commented: We are convinced that this acquisition will bring significant advantages to GMM Pfaudler, as well as to the whole Pfaudler Group, ensuring a common growth strategy and an even broader portfolio that increases the ability to operate in market segments in which we have deep competence and experience .
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