Zetwerk, a global manufacturing network, has acquired three companies to strengthen its industrial verticals in the oil and gas, aerospace, defense and infrastructure components sectors. Transactions are aggregated 100 crores.
for aerospace and defense manufacturing capabilities, Zetworks acquired Pinaka Aerospace Solutions, while – for the oil and gas industry – it bought a majority stake in SharpTank.
In addition, Zetwerk acquired 100% stake in listed company Wheels India’s Wardha fabrication unit, which has a market share of $1.5 billion in power, roads and railway,
Amrit Acharya, Co-Founder and CEO, Zetwerk Manufacturing Businesses said, “Zetwerk and Pinaka have a history of working together, and we are confident that our combined capabilities will help shape the aerospace and defense industry as we become global OEMs. bring back the demand for Indian manufacturing. , as reported by PTI.
“As we grow and expand, we will look at adding more domestic manufacturing companies to our portfolio to grow our business,” Acharya said.
Zetwerk provides communication solutions to Indian defense units, government research facilities such as the Defense Research and Development Organization (DRDO) and the Indian Space Research Organization (ISRO). In addition, other enterprise clients including Carlisle, TATA, AVTEC, BEL and HAL.
SharpTanks is widely recognized as one of the leading procurement, fabrication and manufacturing companies in India with wide design capabilities as well. It serves customers in the oil and gas, petrochemical, fertilizer and chemical industries.
Acharya said, with this acquisition, Jetworks will become one of the seven companies in the country operating in this area.
Zetwerk is a global manufacturing network that maximizes efficiency, quality and value. Its manufacturing capabilities help customers reduce the cost of existing and new production parts, optimize the number of suppliers, and rapidly execute high-quality production.
Its operations include partnerships with over 10,000 suppliers and facilities spread across regions and capacities. Zetwerk’s proprietary technology helps suppliers increase their capacity utilization by up to 40%, while planning and project management increase efficiency by up to 80%. In addition, the company provides financial assistance to suppliers through working capital loans and invoice discounting services to help them grow and grow their business.