Deal Announcement 07/22: Industrial Products / Engineering & Construction

The Deal

The PwC M&A team is pleased to announce the successful acquisition of Hochrainer GmbH (“Hochrainer” or the “Company”) by PARI Robotics GmbH (“Wipro PARI”). Hochrainer is a market-leading manufacturer of automation technology and assembly systems for global automotive OEMs. The family-owned Company has been in operations since 1973, employs around 130 people and has a presence in other non-automotive sectors.

Together with the former shareholders, who will remain in their capacity as managing directors, Wipro PARI plans to build upon the last four year’s growth in its industrial automation business, both by further expanding its presence in Europe as well as consolidating its global leadership position. 

The share purchase agreement was signed in June 2022. The deal closed in July 2022.

Hochrainer

Hochrainer is a market-leading manufacturer of automation technology and assembly systems for global automotive OEMs. The family-owned Company has been in operations since 1973, employs around 200 people and has a presence in other non-automotive sectors.

Wipro

Wipro Infrastructure Engineering (WIN), a business of Wipro Enterprises (P) Limited, set up its automation business in 2018 as a solutions provider for Industrial Automation. It acquired PARI in 2021 which is now called Wipro PARI. The organization is amongst the largest global automation companies with a strength of 1300+ employees and multiple facilities worldwide, with its headquarters in Pune, India.

PwC

The global PricewaterhouseCoopers network is a worldwide association of independent auditing and consulting companies which together employ more than 295,000 people in 156 countries. Our global network comprises over 2,900 M&A professionals all over the world, realising approx. 400 successful transactions per year. We specialise in a wide range of independent M&A services including advice on acquisitions and disposals, mergers, public takeovers, privatisations as well as structured financing.

PwC M&A Germany acted as exclusive financial advisor to Wipro PARI on this transaction. The transaction was led by Alexander Knögel (Partner, Germany), Koushik J. (Partner, India), Mayank Gupta (Senior Manager, India), David Schaibasjan (Manager) and supported by Simon Bruns (Associate).