Wipro Pari makes strategic investment to acquire significant majority of Ferretto Automation & Services
With this definitive agreement, Wipro expands its logistics automation business globally.
Bangalore, October 12, 2023: Wipro Pari, the industrial automation business of Wipro Enterprises Private Limited, announced it has signed a definitive agreement to acquire a significant majority share capital of Ferretto Automation & Services, a subsidiary of Ferretto Group based in San Polo – Reggio Emilia, Italy. Ferretto Group continues to hold a minority participation in the project; Riccardo Ferretto will be the Chairman and Managing Director of the new company and will be responsible for the overall business activities.
Ferretto Automation & Services is the Ferretto Group’s division that specializes in the design and manufacture of automated storage systems. Ferretto Group company has been in operations since 1956 and became a market leader in providing Warehouse Automation solutions across the world. Ferretto Automation & Services manufactures a full range of state-of-the-art intralogistics automation solutions for all storage (ASRS – Automated Storage and Retrieval Systems), handling and distribution needs, on a turnkey basis. The scope covers design, engineering manufacturing and installation of the automation solution on a turnkey basis along with a warehouse management system (WMS) software & post-commissioning service with completely inhouse manufacturing and assembly of all critical systems.
Commenting on the acquisition, Mr. Pratik Kumar, CEO, Wipro Infrastructure Engineering (WIN) & Managing Director, Wipro Enterprises Ltd said, “Our Industrial Automation business has grown significantly in the last five years. We are already an acknowledged market leader in providing turnkey automation solutions for Global automotive OEMs specifically in the emerging BEV – Battery Electric Vehicles and HFCV – Hydrogen Fuel Cell Vehicles. This acquisition will help us expand our offerings beyond the in-factory automation solutions to both Industrial, CPG (Consumer Products Group), Retail and e-Commerce Warehousing, Storage and Automation solutions.”
Riccardo Ferretto, Chairman & Managing Director of Ferretto Group, sees the engagement as significant: “We have been in the forefront of Warehousing Automation technology with Multi-depth Automated Storage and Retrieval Systems (ASRS) with stacker cranes and shuttles. This combined with strong organization and geographical international presence of Wipro Group, represents the best opportunity for Ferretto to grow and achieve a competitive market position in the Asian and American markets. We are convinced that this engagement will bring significant benefits to customers and long-term prospects for Wipro Ferretto as one of the leading Logistics Automation solutions provider in the world.”
Mr. G Sundararaman, Co-CEO, Wipro Pari, said, “With this agreement, our penetration in non-automotive field will be significant going forward, and hereafter, we will be able to cater to Pharma, Foods & Beverage, Home & Personal Care, Apparel, Fashion, Lifestyle, Sports industries to their End of Line (EOL) automation needs and their Warehousing (ASRS), delivery & distribution automation needs.”
Dr, Ranjit Date, Co-CEO, Wipro Pari further commented, “At Wipro Pari we have 3000+ employees and a significant global presence with factories in India, USA, Germany, Mexico & Romania. This acquisition represents an important step in the strategic development of the group in the growing
Global Logistics Automation space. Post Covid, this segment has been growing at a CAGR of over 15%+.”
About Wipro Infrastructure Engineering
Wipro Infrastructure Engineering is a diversified business with expertise spanning over 4 decades of engineering and manufacturing excellence in Hydraulics, Industrial Automation, Aerospace, Water Treatment, and Additive manufacturing. The Industrial Automation vertical under the Wipro PARI entity has deployed over 1500 automated systems worldwide across more than 75 global customers. Wipro PARI has deep expertise in turnkey automation solutions in assembly, machining, material handling, and logistics with state-of-the-art facilities in Pune, India, and Detroit, USA.
About Ferretto Group
Established in Vicenza in 1956, the Ferretto Group SpA is one of the most important operators in the warehousing and material handling sector. Thanks to nearly seventy years and continuous investment in innovation and research, the company designs and produces a full range of state-of-the-art solutions for the needs of each sector and application in the field of automated storage and retrieval systems, automatic sheet and plate storage systems, and vertical storage systems.