Germany's Schaeffler to buy Indian firm Dhruva Automation & Controls

NAMPA / DPA

2024-12-16

Berlin (dpa) - A subsidiary of German automotive and industrial supplier Schaeffler has inked a deal to acquire Dhruva Automation & Controls, an Indian company focused on smart industrial automation and software solutions, the firm said on Monday. "With the acquisition of Dhruva, Schaeffler is expanding its portfolio to include a profitable specialist in intelligent industrial automation and gaining access to the Indian market and other customer......

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