In 2002 Eurotherm plc UK sold their drives business worldwide. The new global company was re-christened as SSD Drives and the responsibility for the drives business in India was entrusted to UniDEL’s wholly owned company, SSD Drives India Pvt., Ltd. SSD Drives India is a leading provider of factory automation solutions with a number one position in several end user markets. In early 2007, UniDEL sold its shareholding in SSD Drives India to Parker Hannifin Corporation USA.
SSD Drives India Pvt. Ltd.
|Industry Sector||: Factory Automation|
|Product Range / Services||: Variable Speed Drives|
|End User Segment||: General Manufacturing|
|Geographic Focus||: South East Asia, Africa, Middle East|
|Company Profile at Investment Stage||: Start-up|
|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|
“The UniDEL Management is exceptionally knowledgeable and well connected with the heartbeat of Indian industry. They have enabled us to grow a business capable of competing on equal terms with the largest international players and have provided us with business opportunities in connected fields which we have subsequently emulated in other markets”
Parker SSD Drives Europe