Hyderabad: Japanese material handling systems supplier Daifuku has acquired Vega Conveyors & Automation, a Hyderabad-based company that produces versatile systems in the fields of conveying, material handling and automation across industry segments catering predominantly to the domestic Indian market.
Spurred by India’s robust economic growth and the potential that the Indian market offers, Daifuku established its Mumbai sales office in 2016 for their Factory and Distribution Automation (FA&DA) Division of its Indian subsidiary, Daifuku India Private Limited.
Presently, as products must be manufactured and shipped from Japan to its Indian customers directly, Daifuku identified a growing need to establish a local manufacturing network to cater to strong demand for its products in India.
Generating synergy with Vega’s development and manufacturing bases, Daifuku aims to expand its business in India and other markets within Asia and Oceania by leveraging its technology and expertise cultivated through their global business development.
Daifuku provides material handling systems for the factory and distribution automation, cleanroom, automotive, airport and general industry markets, and has production and sale bases in 23 countries and regions.
“Daifuku is committed to the Indian market and supporting Vega employees and customers” said Kanji Anno, Daifuku managing officer and GM of FA&DA Global Operations. “Consolidating our expertise and capabilities with Vega will allow for the expansion of our manufacturing and distribution business segments within Asia.”
“We are excited to be a part of the Daifuku group, the world’s top manufacturer and supplier in the material handling industry” said Srinivas Garimella, managing director of Vega. He also affirmed “We keenly look forward to sharing resources and improving our services to the Indian market”.
Vega’s factory and design centre will continue to remain at their existing Indian locations of Hyderabad and Pune. With 73 employees, Vega had been working with multiple contractors and projects.