Ipsen Secures Remaining Shares of Joint Venture in India
December 2, 2008—
Ipsen International, a manufacturer of heat treatment plants for the automated hardening of metal components, recently acquired the remaining shares of the Wesman Ipsen joint venture in India. With the signing of the contract in September 2008, Ipsen now owns 100 percent of the Wesman Ipsen operational base in India. The decision was part of a long-term corporate strategy to establish operational centers worldwide and introduce the Ipsen brand to new markets.
"This acquisition is a logical step for us. On the basis of decades of experience in this market, we are sure that India offers great potential for international growth," says Dr. Hendrik Grobler, CEO of Ipsen International.