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Wipro Enterprises' industrial automation business Wipro Pari will acquire a majority stake in Italy-based Ferretto Automation & Services for an undisclosed amount
Wipro Enterprises: Ferretto Automation & Services specialises in the design and manufacture of automated storage systems. It manufactures a full range of state-of-the-art intra-logistics automation solutions for all storage (ASRS - Automated Storage and Retrieval Systems), handling and distribution needs. Ferretto Automation & Services revenue is approximately 70 million euros (around INR 617 crore).
Wipro Pari, the industrial automation business of Wipro Enterprises, has agreed to acquire a majority share capital of Ferretto Automation and Services, a subsidiary of Ferretto Group in Italy. This acquisition will allow Wipro to expand its offerings beyond in-factory automation solutions and into industrial, CPG, retail, and e-commerce warehousing, storage, and automation solutions.
Ferretto Automation & Services specialises in the design and manufacture of automated storage systems. It manufactures a full range of state-of-the-art intra-logistics automation solutions for all storage (ASRS - Automated Storage and Retrieval Systems), handling and distribution needs.