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KK Wind Solutions acquires control cabinet production business of Bonfiglioli in India

CTBR Staff Writer Published 31 August 2017

KK Wind Solutions has acquired control cabinet production business of Bonfiglioli in Bangalore, India, to extend its footprint as wind solutions provider.

The transaction, which is effective from September 1st, 2017, will enable KK Wind Solutions to access a sizable cabinet production.

KK Wind Solutions has set up a new production and engineering facility in the proximity of the existing sites of Bonfiglioli, to ensure sufficient production space for future development.

The control cabinet production equipment and employees will be shifted to the new facility in Bangalore. The acquisition will enable KK Wind Solutions to serve the Indian market with local production.

KK Wind Solutions CEO Chlinton Arendahl Nielsen stated that the acquisition will strengthen the firm’s footprint in the Asia Pacific region and will lower levelized cost of energy.

Bonfiglioli Group CEO Fausto Carboni said: “After another record year in terms of turnover and profitability expansion of Bonfiglioli Group, we have launched a massive programme of investment, strictly connected to our core business, according to which expansion in India is one of the major milestones.

“Bonfiglioli is expanding in Chennai by increasing production capacities for the mobile and wind solutions plant in Thirumudivakkam and also establishes a new assembly plant in Pune which is in line with the Bonfiglioli approach for further growth plans in India.

“In this context, our control cabinet manufacturing business in Bangalore was considered as non-core or functional for the achievements of our strategic targets. When we approached KK Wind Solutions, we immediately realized we were in front of the right Corporate to exploit the business even further and to position it at a premium level on local and global scale.”

Bonfiglioli is a designer, manufacturer and distributor of a complete range of gearmotors, drive systems, planetary gearboxes and inverters, serving the needs in industrial automation, mobile machinery and renewable energy.

Established in 1956, Bonfiglioli currently employs more than 3,700 people, with a presence in in 22 countries on 5 continents.