Bharat Fritz Werner acquires Proteck's machinery business for Rs 40 crore

BENGALURU: Machine tool maker Bharat Fritz Werner(BFW) has acquired Proteck's CNC turning machinery division for an undisclosed amount to add turning capabilities to its milling business, offering customers a complete solution.

"The biggest synergy is the frontend customer experience," chief executive Ravi Raghavan said. "Customers need both milling and turning solutions and with Proteck's technology and engineering and our scale the end customer benefits.

BFW counts Honda Group, Tata Motors, Amul Industries and Bharat Heavy Electrical among customers. The company aims at doubling its turnover in the next 3 years, Raghavan said without disclosing revenue numbers. BFW will invest, about 100 crore towards expansion, including through acquisitions, he said.

The company, which financed the deal through debt and internal accruals, will acquire 75 employees.