CHG-MERIDIAN Group chairman of board of management Dr. Mathias Wagner. Credit: CHG-MERIDIAN Group.

CHG-MERIDIAN has acquired Mumbai, India-based asset lifecycle manager OPC Asset Solutions for an undisclosed amount. 

In a statement, the group said the acquisition is part of CHG-MERIDIAN’s growth, internationalisation and sustainability strategy.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

Similar to CHG-MERIDIAN, OPC Asset Solutions specialises in asset lifecycle management, including long-term leasing of industrial, IT and healthcare equipment for B2B customers.

Furthermore, this non-captive company’s business approach is based on the sustainable principles of the circular economy.

Set up in 2005, OPC Asset Solutions employs around 50 people.

It supports a range of local and international customers in India.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

CHG-MERIDIAN Group chairman of the management board Dr Mathias Wagner said: “Current customer requirements, the appeal of the Indian market, and the very strong fit between the two business models means that this transaction offers a great deal of growth potential for us.

OPC Asset Solutions managing director R Venkatesan said: “As a new member of CHG-MERIDIAN Group, we will benefit from a number of synergies and an instant global footprint that will allow us to meet our customers’ needs.

With this deal, CHG-MERIDIAN will be able to address the increasing importance of offering services to international customers.

The transaction will help the company tap the growth potential of India, a consistently fast-growing market.

According to CHG-MERIDIAN, attractive economic growth and rising digitalisation levels continue to hold vast potential for usage models based on effective asset lifecycle management. 

Based in Germany, CHG-MERIDIAN has a presence in 29 countries.