on Schaeffler AG (isin : DE000SHA0159)
Schaeffler AG Expands into Asia with Dhruva Acquisition
On December 16, 2024, Schaeffler AG announced the acquisition of Dhruva Automation & Controls (P) Ltd., an Indian engineering and service provider. This strategic move grants Schaeffler promising access to the expanding markets in the Asia/Pacific region.
Dhruva, with its headquarters in Pune, India, specializes in smart industrial automation and software solutions. Since its founding in 2002, the company has established itself as a trusted provider in sectors such as automotive and biopharmaceuticals. It maintains a strong presence across India, Thailand, and Vietnam.
The acquisition strengthens Schaeffler's commitment to digitalization and innovation, enhancing its capacity in automation. The Dhruva brand will be integrated into Schaeffler's operations in the medium term, creating new opportunities for technological growth and sales.
R. P.
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