Mergers and Acquisitions Beumer Takes Over Enexco Teknologies
Beumer's company takeover of Indian Enexco Teknologies has strengthened the company's position in Asia, officials said.
Gurgaon/India – Beumer Group has taken over Enexco Teknologies India. The purchase agreement was signed by both parties on September 20, 2011. With this take over, Beumer has enhanced its market presence in the Indian cement industry. Enexco Teknologies is located at Gurgaon, near New Delhi.
“We are very pleased to have taken this step in a market like India, which is so important,” said Dr. Christoph Beumer, Chairman of the Board. “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,” he continued.