WAAREE Group acquires 100% stake in Italian Cesare Bonetti

WAAREE Group, headquartered in Mumbai announces that they have acquired 100% stake in CESARE BONETTI, etching a new chapter in BONETTI’s 108 years of illustrious history.This acquisition brings with it a fresh wave of transformation and global synergies, combining the manufacturing and innovation excellence of CESARE BONETTI with the customer reach, diversity and global reach of WAAREE group.

The development is significant and in line with WAAREE group’s constant endeavour to bond with the best in the world in terms of engineering and manufacturing excellence. This is also meant to channelize the technological edge and make it more available and affordable to the customer.

The union also marks a paradigm shift in the manufacturing, sourcing and service philosophy of the group, with which its newly acquired global reach, will be closer and more accessible to the customer.

Mr. Hitesh Doshi, Chairman and Managing Director, Waaree Group commented,“We look forward to engaging with Bonetti, an established company in the manufacture of critical valves and level gauge market.This relationship significantly substantiates the strategic expansion plans of the Group. The association between Waaree Group and Bonetti also places us in a good position on a global level and as serious competitors in the valves and level gauge business. We expect to leverage this partnership and achieve another milestone in the ongoing implementation of our strategy to focus on the key elements of our business."

The strong financial, infrastructural, and logistical support of Waaree Group coupled with BONETTI’s innovation, engineering and manufacturing excellence is set to go a long way in establishing their footprints on emerging markets. This union is aimed at achieving high levels of growth and prosperity keeping the customer, his interests and service as top priority.