Industriewerk Schaeffler INA-Ingenieurdienst GmbH, a subsidiary of Schaeffler AG, has entered into a share purchase agreement to acquire full ownership of Dhruva Automation & Controls (P) Ltd. (“Dhruva”). Headquartered in Pune, India, Dhruva is a leading engineering and service provider focused on smart industrial automation and software solutions across the Asia-Pacific region.
Founded in 2002 by Jaydeep Chougule, the company employs 65 people and has demonstrated sustainable profitability. Dhruva is a successful provider of hardware, service, and software solutions for industrial manufacturing, catering to sectors that include automotive, mechanical and plant engineering, chemical process technology, biopharmaceuticals, food production, and water and wastewater treatment. With numerous customers in Asia/Pacific region, Dhruva has established itself as a trusted provider of industrial automation products and services, with a strong presence in India, Thailand, Dubai, Bangladesh, Azerbaijan, and Vietnam.
Besides its headquarters in Pune, Dhruva maintains sales offices in the Indian cities of Aurangabad and Kolhapur. “Dhruva ideally complements the activities of Schaeffler Digital Solutions. This collaboration also unlocks new technological potential, with Schaeffler plants in India already leveraging the combined expertise and joint software solutions. The acquisition creates new opportunities for both partners in terms of technology and sales,” states Roberto Henkel, Senior Vice President Operations Digitalization & IT, Schaeffler.
Schaeffler Digital Solutions GmbH (SDS), headquartered in Chemnitz, specializes in developing and integrating web-based software solutions that seamlessly interface with existing systems, sensors, and controls. These solutions enable efficient data retrieval and management across diverse machinery, helping customers prevent unplanned downtimes, enhance productivity, and maintain high-quality standards. Together, SDS and Dhruva are advancing the vision of the ‘factory of the future’ through innovative systems for machine data analysis, predictive maintenance, sustainability management, and a wide range of cutting-edge software solutions.
Industriewerk Schaeffler INA-Ingenieurdienst GmbH, a subsidiary of Schaeffler AG, will acquire 100 percent of the shares in Dhruva through the share purchase agreement. The transaction is expected to be completed by the end of the fourth quarter of the fiscal year 2024, subject to certain closing conditions. Dhruva brand is scheduled for integration into Schaeffler operations in the medium term.
“With the acquisition of Dhruva, Schaeffler is expanding its portfolio to include a profitable specialist in intelligent industrial automation and gaining access to the Indian market and other customers across Asia. This step underscores Schaeffler’s commitment to digitalization in operations and strengthens our innovative capacity in automation, enabling us to respond to the challenges of digital disruption,” says Andreas Schick, Chief Operating Officer at Schaeffler AG.
Jaydeep Chougule, CEO and founder of Dhruva, adds: “After 22 years of independence, we are delighted to have found a strong partner in Schaeffler. Together, we will expand our portfolio to benefit our customers and realize further growth potential in the Indian market and the wider Asia/Pacific region. I look forward to embarking on this new chapter alongside my team of over 60 colleagues, as we aim to accelerate our growth and achieve greater profitability by embracing the new opportunities that lie ahead.”
 Ltd. strengthens Schaeffler's position in the rapidly growing Asia-Pacific markets while establishing Dhruva as a key partner for Schaeffler Digital Solutions GmbH in India, supporting a wide range of external customers.){kind=link}