In 2005, UniDEL converted its decade long relation with Land Instruments International UK into a 50:50 joint venture company to focus on deeper penetration within the Indian Steel, Glass, Cement and Power industries. Another objective of the JV was to develop complimentary technology for global sale through the Land network. In mid 2006, post the acquisition of Land UK by Ametek Corporation USA, the partners decided to restructure the JV operations resulting in the acquisition of Land’s 50% shareholding by UniDEL.
Land DEL Infrared Pvt. Ltd.
|Industry Sector||: Process Control|
|Product Range / Services||: Non Contact Temperature Measurement Instruments|
|End User Segment||: Steel, Glass, Cement, Power|
|Geographic Focus||: South East Asia, Africa, Middle East|
|Company Profile at Investment Stage||: Small regional player|
|Company Profile at Exit Stage||: Niche player with #1 or # 2 position in several product
categories and end user segments
|UniDEL Value Add||: M&A, operational set-up, scaling|
“Our partnership with UniDEL over the years has been both productive and rewarding. Post restructuring, we confidently expect this to continue to our mutual benefit.”