Suprajit USA Inc, a wholly owned subsidiary of Suprajit Engineering, Ltd has acquired Wescon Controls.
Commenting on the acquisition K Ajith Kumar Rai, Chairman and Managing Director of Suprajit Engineering said, Wescon Controls is a perfect strategic fit for Suprajit. Wescon’s market leading position in North America in the OPE segment is a significant sectorial de-risk for Suprajit in its core business of cables. This will also prepare a solid ground for Suprajit to continue to increase its exposure in both automotive and non-automotive business in the Americas. With the added strength of Wescon, new plants in India and judicious augmentation of capacities across its plants, Suprajit will emerge as the second largest cable maker in the world in the near term. We will continue our Endeavour of efficient capital allocation and profitable growth”.
N S Mohan, President, Suprajit Engineering, who led the transaction team of Suprajit, commented “Wescon gives us a complementary manufacturing footprint and bringing strong engineering support to our existing customers in North America. Mutual strengths of both Wescon and Suprajit can bring significant advantages and value to both of our customers and is a “Win-Win” deal.
