Schaeffler Acquires Dhruva Automation & Controls to Expand Digital Solutions in the Asia-Pacific Market

Schaeffler Acquires Dhruva Automation & Controls to Expand Digital Solutions in the Asia-Pacific Market

(IN BRIEF) Schaeffler AG, through its subsidiary Industriewerk Schaeffler INA-Ingenieurdienst GmbH, is acquiring Dhruva Automation & Controls, a Pune-based specialist in industrial automation and software solutions. With 65 employees and a strong presence in Asia-Pacific markets, Dhruva complements Schaeffler Digital Solutions’ capabilities in advancing “factories of the future” through predictive maintenance, machine data analysis, and sustainability tools. The acquisition enhances Schaeffler’s digitalization efforts, expands its footprint in India and the region, and integrates Dhruva’s expertise into Schaeffler’s operations. The deal is set to close by the end of 2024, subject to regulatory approvals.

(PRESS RELEASE) HERZOGENAURACH, 16-Dec-2024 — /EuropaWire/ — Schaeffler AG, through its subsidiary Industriewerk Schaeffler INA-Ingenieurdienst GmbH, has entered into a definitive agreement to acquire Dhruva Automation & Controls (P) Ltd., a Pune-based provider of industrial automation and software solutions. The acquisition, which involves the purchase of 100% of Dhruva’s shares, will strengthen Schaeffler’s presence in the Asia-Pacific region and enhance its digitalization and automation portfolio.

Founded in 2002 by Jaydeep Chougule, Dhruva employs 65 staff and has built a profitable business specializing in smart industrial automation for industries such as automotive, biopharmaceuticals, food production, and water treatment. The company’s products and services are utilized across India, Thailand, Dubai, Bangladesh, and other markets in the region, including Schaeffler plants in Asia. Dhruva operates from its headquarters in Pune and maintains sales offices in Aurangabad and Kolhapur.

According to Schaeffler, Dhruva will complement the capabilities of Schaeffler Digital Solutions (SDS), a Chemnitz-based subsidiary focused on integrating web-based software for predictive maintenance, machine data analysis, and other factory automation solutions. “Dhruva ideally complements Schaeffler Digital Solutions’ activities, creating opportunities for technological advancement and expanding our market reach,” said Roberto Henkel, Senior Vice President Operations Digitalization & IT at Schaeffler.

This acquisition aligns with Schaeffler’s strategy to support the development of “factories of the future” by combining Dhruva’s expertise in hardware and software with SDS’s advanced digital systems. Schaeffler aims to improve productivity and reduce unplanned machine downtimes while ensuring high levels of sustainability and efficiency for its customers.

The transaction is expected to close by the end of 2024, subject to regulatory approvals. Over time, Dhruva will be integrated into Schaeffler’s global operations, solidifying its role as a key partner in driving industrial automation.

Andreas Schick, Chief Operating Officer of Schaeffler AG, emphasized the significance of the acquisition: “With Dhruva, Schaeffler gains a profitable specialist in industrial automation and access to India’s growing market, reinforcing our commitment to innovation and digitalization in operations.”

Dhruva’s founder, Jaydeep Chougule, expressed optimism about the partnership, noting, “Schaeffler’s global expertise will allow us to accelerate growth and better serve our customers across India and the wider Asia-Pacific region. Together, we’re poised to unlock new opportunities for success.”

This acquisition underscores Schaeffler’s focus on digital transformation and its commitment to meeting the challenges of an evolving industrial landscape.

Forward-looking statements and projections
Certain statements in this press release are forward-looking statements. By their nature, forward-looking statements involve a number of risks, uncertainties and assumptions that could cause actual results or events to differ materially from those expressed or implied by the forward-looking statements. These risks, uncertainties and assumptions could adversely affect the outcome and financial consequences of the plans and events described herein. No one undertakes any obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. You should not place any undue reliance on forward-looking statements which speak only as of the date of this press release. Statements contained in this press release regarding past trends or events should not be taken as representation that such trends or events will continue in the future. The cautionary statements set out above should be considered in connection with any subsequent written or oral forward-looking statements that Schaeffler, or persons acting on its behalf, may issue.

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SOURCE: Schaeffler AG