Global material handling leader Interroll Group has held an official signing ceremony to mark the acquisition of its Bengaluru (Bangalore) based country agent, Interroll India Pvt. Ltd.
The acquisition which was announced in August was formalised through a share purchase agreement signed on 31st July which took effect retroactively from 1st April. The agreement involves the full transfer of ownership from the three current shareholders to the Interroll Group.
India is a market with considerable potential for us, and this acquisition will allow us to better serve our customers with improved access to our innovative solutions and products.
Interroll India Pvt. Ltd. has served as an independent agent of the Interroll Group for over a decade, playing a pivotal role in serving the Indian market. The acquisition represents a significant milestone for Interroll as it aims to reinforce its position and commitment to the growing Indian market.
By integrating the agent into its global operations, the group aims to enhance its local presence, enabling the company to offer even greater value to its customers in India. The acquisition also aligns with Interroll’s long-term vision to expand its footprint in key emerging markets.
“We warmly welcome Interroll India Pvt. Ltd. fully into the Interroll family,” explains Ingo Steinkrüger CEO of Interroll Group. “India is a market with considerable potential for us, and this acquisition will allow us to better serve our customers with improved access to our innovative solutions and products. We look forward to building on the strong foundations that have been established over the past decade.”
“We’re delighted to be more firmly part of the Interroll family now; we look forward to reaching new heights and achieving further success in our shared journey together,” adds Aswini Lakhotia, managing director Interroll India.
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