In a significant move set to bolster its foothold in India's thriving power sector, Maschinenfabrik Reinhausen GmbH (MR) has announced the acquisition of all remaining shares of Easun-MR Tap Changers (Pvt.) Ltd. (EMR). Effective February 1, 2024, this acquisition transforms EMR into a wholly owned subsidiary of MR, while retaining its autonomy in the market. Under the continued leadership of R. Ravikumar and R. Prakash, EMR aims to sustain its market leadership in India.

India's robust economy, amidst global uncertainties, has drawn attention, with the International Monetary Fund (IMF) revising its growth projections upwards for the country. As India embarks on an ambitious energy transition journey, focusing on clean energy, the demand for power infrastructure, including transformers, is on the rise.

Anticipating significant business opportunities in India's expanding power grid and beyond, MR, a global leader in load flow regulation and power quality, sees the acquisition of EMR as strategically aligned with its objectives. With EMR's expertise in supplying tap-changers and accessories to Indian transformer manufacturers, MR aims to better serve the local market while enhancing its global export capabilities.

Founded in 1995 as a joint venture between MR and Easun Group, EMR has been a success story in India's power sector for nearly three decades. With two production facilities and approximately 400 employees, EMR holds a dominant position in the Indian market for in-tank tap-changers. The acquisition by MR ensures continuity for EMR under its established brand, maintaining the trust of its clients and the leadership of its management team.

Maschinenfabrik Reinhausen GmbH (MR), a family-owned company founded in 1868, operates globally with a focus on energy technology. With over 4,000 employees worldwide, MR regulates half of the world's power consumption. This acquisition underscores MR's commitment to driving innovation and excellence in the power sector, further solidifying its position as a global leader in energy technology.

Source: reinhausen.com