Mitsubishi Electric India Pvt Ltd and the Messung Group have jointly announced signing a business transfer agreement to merge the operations of the Messung Group with Mitsubishi Electric India. The Messung Group is an Indian manufacturer of programmable logic controllers (PLCs) and human machine interfaces (HMIs) and currently one of Mitsubishi Electric's sales and distribution partners in India. The acquisition will allow Mitsubishi Electric to accelerate its industrial automation systems business in India and strengthen local sales and solutions, aiming at sales of JPY 15 billion by the fiscal year ending March 2016.

The business transfer agreement signed by the two parties in December 2011 is expected to be completed by the end of March 2012 to finalise the acquisition. Operations of the consolidated business will commence in April.

The industrial automation market in India is expected to grow by more than 10% annually. At the forefront of the industrial automation business in India, the Messung Group has been Mitsubishi Electric's sales and distribution partner for 17 years. The Messung Group has built strong relationships in industries like automotive, printing, textile, pharmaceutical and food and beverage industries by providing technical support and solutions to industrial automation equipment manufacturers. Mitsubishi Electric India will leverage the Messung Group's expertise in sales, manufacturing and development, to strengthen its solution business and penetrate more deeply into this fast-growing market under a growing commitment to provide quality products and services to Indian customers.

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