Exclusive Financial Advisor to Precision Automation and Robotics India (PARI) for the sale of majority stake to Wipro Enterprises

Merger & Acquisition

Service

December 2020

Date

Industrials

Sector

INR 6,000 MN

Deal Value

Exclusive Financial Advisor to Precision Automation and Robotics India (PARI) for the sale of majority stake to Wipro Enterprises

Deal Highlights:

  • The deal involves Wipro Enterprises, a leading Indian conglomerate signing definitive agreements to acquire controlling stake in PARI
  • The combined capabilities would help broaden Wipro Enterprises’ current offerings in industrial automation and help PARI tread the path of rapid growth by expanding its global footprint and deepening its market reach and customer relationships in India and overseas
  • The deal further strengthens our IB’s Industrial franchise and once again demonstrates our ability to close marquee deals for quality clients, independent of the market environment

About PARI:

  • PARI is India’s largest industrial automation solutions provider with offices in India, USA and Germany and has delivered 1,500 automation solutions to 75+ customers. It has marque global clients in automotive(traditional powertrain and EVs), real estate, banking, logistics, material handling & manufacturing sectors
  • PARI has 30+ years of experience in offering world class Industry 4.0 solutions to worlds leading automotive brands like Ford, Ferrari, FCA, Renault Nissan, M&M, BMW, Tata, Hero among others.