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.
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.
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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.