Economy & Market
BEUMER to expand in India
BEUMER Group, the intra-logistics equipment supplier has acquired Enexco Teknologies to expand its operations in India. The deal will enhance BEUMER's market presence in the cement industry. "The BEUMER Group's decision to expand its cement operations in one of the world's major growth markets is a logical continuation of its overall strategy," says BEUMER Chairman Dr Christoph Beumer. "We are very pleased to have taken this step in a market like India, which is so critical. The expansion of the BEUMER Group will have positive effects for our location in Germany as well. By building up our strength in India we look forward to a considerable enlargement of our business volume, with positive consequences for the parent company." Enexco Teknologies India is located in Gurgaon, near New Dehli. With 600 employees, the addition of the BEUMER Group workforce will increase staff numbers to more than 3,000 worldwide.