This announcement comes lower than six months after Zetwerk acquired three Indian manufacturing provide chains throughout aerospace & protection, oil & fuel, and railways segments
Bengaluru, December 2, 2022: Zetwerk Manufacturing, the worldwide supply of producing throughout industrial and shopper merchandise, as we speak introduced it has acquired Unimacts, a number one manufacturing providers firm working inside varied industries together with industrial merchandise, materials dealing with, and renewable power segments.
Zetwerk’s acquisition of Unimacts will place the corporate for added enlargement and diversification, offering quick entry to marquee photo voltaic and wind-power prospects. Moreover, Zetwerk will achieve entry to the large-scale consolidated demand Unimacts has generated to date, which will likely be serviced by the corporate’s large world provide base. Equally, the corporate will profit from Unimacts’ notable {industry} experience in renewable power manufacturing and an countless provide of extremely specified mechanical merchandise, logistics help, design for manufacturing, stock administration, and near-customer warehousing.
The chief workforce at Unimacts, together with Matthew Arnold, CEO, Andrew Woglom, CFO, and Alan Hays, COO, together with the workforce at Unimacts, will likely be becoming a member of Zetwerk, bringing the worldwide worker rely to 1,900.
For Unimacts, this acquisition will equip the corporate with the mandatory capital to scale up its presence within the U.S., Europe and Mexico, together with entry to a robust off-shore footprint in India and Vietnam. Total, Unimacts’ buyer relations, provide companions and enterprise operations will stay unaffected.
“Unimacts’ choices within the U.S., Europe and Mexico markets complement our current portfolio and imaginative and prescient of being a worldwide chief within the manufacturing house,” stated Amrit Acharya, Co-founder and CEO of Zetwerk. “This acquisition will instantly broaden our presence in North America and place Zetwerk for added enlargement within the coming months. We’re excited to usher in a brand new period of clever manufacturing for our prospects, companions, and our planet.”
“During the last decade, we have now been working to scale our world provide chain and contract manufacturing companies to raised serve prospects all through North America and Western Europe,” stated Matthew Arnold, CEO of Unimacts. “Partnering with Zetwerk will enable us to speed up our development and world attain and supply extra complete options to our prospects. With the current $1.2 Trillion infrastructure invoice and Inflation Discount Act, the renewable power sectors of photo voltaic and wind within the US are poised for important development. These have been the first finish markets for Unimacts during the last 5 years and we’re excited to pursue important development in these markets with our new companions. We strongly consider that becoming a member of the Zetwerk household will translate into broader choices for purchasers within the U.S. and world wide, improve development alternatives for workers and facilitate new enterprise alternatives for our suppliers”.
Zetwerk’s 2021-2022 monetary outcomes showcased robust development throughout classes. The corporate’s gross merchandise worth grew six-fold, to $770 Million from $130 Million, and the working income expanded to $670 Million from $110 Million in 2020-2021. The corporate is on monitor to do nicely over $1 billion of income within the present fiscal 12 months.
“With this acquisition and enlargement in North America, Zetwerk is nicely positioned to assist much more companies create self-reliant provide chains in renewable power and infrastructure,” stated Vaibhav Agrawal, Companion at Lightspeed Enterprise Companions and Zetwerk Board Member. “Gleaned by way of deep manufacturing and web experiences, Zetwerk co-founders have constructed an clever platform for purchasers to maximise manufacturing capability, reliability and scope on the click on of a button. Because of this Fortune 500 enterprises are increasing their buy volumes, securing orders from Zetwerk 3-5 years upfront.”
Zetwerk has greater than 2000 prospects throughout North America, Asia-Pacific and the Center East, and a community of greater than 10,000 manufacturing companions worldwide.
For extra details about Zetwerk, please go to zetwerk.com.
About Zetwerk
Zetwerk Manufacturing is the worldwide supply of producing throughout industrial and shopper merchandise. It helps varied manufacturers rework digital designs into bodily manifestations. Zetwerk affords manufacturing options throughout a various vary of merchandise, from easy and sophisticated merchandise to industrial and shopper use instances, for small companies and Fortune 500 firms. Zetwerk’s industry-leading world manufacturing capabilities guarantee merchandise are manufactured sooner, at aggressive costs, and using best-in-class supplies. Zetwerk affords a broad vary of providers, together with metallic fabrication, CNC machining, aluminium die casting, 3D printing and plastic injection molding. Zetwerk makes use of domain-specialized groups and a set of software program throughout its suppliers and prospects — matching, manufacturing & mission administration, high quality, pricing and logistics to make manufacturing predictable, clear, and dependable. The Zetwerk workforce consists of the world’s main engineers and innovators devoted to future-proofing the creation of an undisrupted provide chain. For extra info, please go to https://www.zetwerk.com/.
About Unimacts
Unimacts is a number one world contract manufacturing and provide chain options firm with concentrate on renewable power, in addition to building gear and industrial merchandise. Unimacts has developed asset-light sourcing options to produce extremely specified mechanical merchandise and supply complementary logistics help, design for manufacturing, stock administration, and near-customer warehousing. It’s concerned within the provide of photo voltaic tracker elements (torque tubes, photo voltaic piles, drives, and so forth.), wind turbine elements (fabrications, castings, fiber-reinforced plastics, and so forth.), and different industrial merchandise (electro-mechanical assemblies, castings, fabrications, and so forth.). For extra info, please go to https://www.unimacts.co
