The Hindu Business Line

Wipro Infra to buy Incite CAM’s automation unit

- RAJESH KURUP

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.

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