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Motion and control technologies supplier Parker Hannifin has acquired SSD Drives India from the UniDEL India Group, a privately held automation and technology group, for an undisclosed amount. SSD Drives India, which had fiscal 2006 annual sales of approximately US$7 million, will be integrated within Parker’s AutomationGroup as the SSD India business unit.
Headquartered in Chennai, SSD India designs, integrates and sells low voltage AC, DC, and servo-drive systems to power and control continuous and discrete manufacturing processes. The company operates seven regional sales officesthroughout India.
“We are particularly excited about their capability as a systems integrator,” commented Roger Sherrard, President of Parker’s Automation business. “India is among the fastest growing manufacturing economies in the world. Our existing strong relationship and SSD India’s outstanding local engineering capability will enhance our ability to increase the productivity and profitability of our served customers through complete automation solutions.”
Joe Vicic, Parker’s President, Asia Pacific Group, said, “SSD drives will be a valuable addition to our customer offering in India. Parker India has been rapidly expanding its total system capability and this new addition to our Parker family will bring greater value and improved problem solving to our customers in the region.”
Sunil Dalal, Managing Director of UniDEL Group, said, “SSD India has a leading market position in India in several industry segments built over the last decade under the UniDEL Group. As the Indian manufacturing industry globalizes, SSD India and its customers will directly benefit by being a part of the Parker global network.”
