The Hindu Business Line
Wipro Infra to buy Incite CAM’s automation unit
Azim Premji Wipro Infrastructure Engineering (WIN), a business division of Wipro Enterprises Ltd, has entered into an agreement to acquire the industrial automation business of Bengaluru-based Incite CAM Centre for about ₹20 crore.
This is the first acquisition for WIN, a newly-created business division of Wipro Enterprises, which is billionaire Azim Premji’s privatelyheld business. The acquisition will help WIN expand its presence in the welding automation segment, said the company in a statement.
Singhi Advisors was the advisor to the Incite CAM Centre.
WIN had previously signed a memorandum of understanding (MoU) with Mitsubishi Electric India to be its e-factory alliance partner. It had also signed a pact with the US-based Rockwell Automation to tap into the emerging industrial automation market.
With this acquisition, WIN will have access to two units of Incite CAM, which specialises in manufacturing customised robotic welding lines for automotive assemblies of four-wheelers, twowheelers, transformer manufacturing industry and aerospace, among others.
The Indian industrial automation market for manufacturing is pegged at nearly $2 billion.
Of this, the opportunity for third-party system integrators such as Wipro is worth nearly $400 million.