SMS India Private Limited merges with Paul Wurth India Private Limited
Summary
- SMS group strengthens its position on the growing steel markets in India and Asia Pacific region
- Paul Wurth India ceases to be a legal entity in India with effect from 1st August, 2023
- Merger includes transfer of stakeholders, products & services and employees to SMS India Private Limited without discontinuation of the rights and obligations of Paul Wurth India’s business partners
SMS India Private Limited announces its merger with Paul Wurth India, both being fully owned by SMS group, Germany. Established in 1994 and headquartered in Gurgaon, SMS India Private Limited now operates with its offices in Kolkata, Pune along with manufacturing and service workshops at Khurda and Mancheswar in Bhubaneswar, Odisha.
“This merger is a good fit for us, consolidating our service offerings to local customers and partners in the region,” said CFO & interim CEO of SMS India Pvt. Ltd., Mr. Sumendra Jain. “Employees of both entities have been working together for a long time, and this merger now will allow us to venture new prospects and push our boundaries for achieving greater heights together. I’m excited to be a part of the legacy that SMS group is building in India.”
The merger rationale includes integration of the businesses, simplifying SMS group’s presence in India and strengthening the position of the company for achieving operational and financial efficiencies by pooling the resources. Paul Wurth’s products and services in the field of iron- and coke making will continue to be offered under the Paul Wurth brand.
With the recent reorganizational changes in the region, SMS India Pvt. Ltd. has expanded its regional responsibilities to include Middle East & Africa (MEA) in addition to India & Asia Pacific (APAC). The merger with Paul Wurth’s Indian business operations will specifically strengthen life cycle partnership portfolio of the company in the extended region. Providing complete integration from iron making to finished steel products, it aims to enhance capabilities in serving metals industry clients and provide them with an unmatched level of expertise and support, be it for traditional technologies or for solutions to decarbonize the industry.
SMS group is renowned worldwide for its future-oriented technologies and outstanding service for the metals industry. The company applies its 150 years of experience and its digital know-how to provide the industry continuously with innovative products and processes – even beyond its core business – and generates worldwide sales of around 3.1 billion euros. SMS is the right partner for challenging projects, and supports its customers throughout the lifecycle of their plants, enabling profitable and resource-efficient value creation chains. Paving the way for a carbon-neutral and sustainable metals industry is the company’s stated goal. As a global player with German roots, SMS takes responsibility for its 14,400 employees.