Zetwerk Acquires KRYFS: A New Era in Transformer Solutions
Zetwerk Manufacturing has acquired a controlling stake in KRYFS Power Components, enhancing its position in electrical and renewables manufacturing. This merger combines Zetwerk's digital supply capabilities with KRYFS’s expertise in transformer solutions, marking a significant advancement in India's infrastructure manufacturing landscape.
- Country:
- India
Zetwerk Manufacturing Businesses Pvt Ltd announced a strategic acquisition of a controlling stake in KRYFS Power Components, a leader in transformer solutions, on Tuesday, signaling a robust enhancement in the electrical and renewables manufacturing sector in India.
This acquisition blends Zetwerk's digital-first supply chain platform and extensive global manufacturing network with KRYFS's profound domain expertise, NABL-accredited labs, POWERGRID-approved facilities, and its 10 fully operational plants throughout India. KRYFS stands as the singular entity in India capable of producing 765 KV class transformer laminations and transformer tanks.
The existing management team at KRYFS, including its CEO, will continue to spearhead the company, ensuring continuity and stability during this new phase of operations, while its 1,600 employees integrate into Zetwerk's digitally enabled and high-performance ecosystem.
Google News