Wipro Pari inks pact to acquire significant majority of Ferretto Automation & Services

13 Oct 2023 , 09:34 AM

Wipro Pari, Wipro Enterprises’ industrial automation division, announced the signing of a binding deal to acquire a significant majority stake in Ferretto Automation and Services, a subsidiary of Ferretto Group situated in San Polo – Reggio Emilia, Italy.

Ferretto Group retains a minority stake in the project; Riccardo Ferretto will serve as chairman and managing director of the new company, overseeing all business operations.

The Ferretto Group’s Ferretto Automation and Services branch specializes in the design and construction of automated storage solutions. Ferretto Group has been in business since 1956 and has grown to become a global leader in warehouse automation solutions.

On a turnkey basis, the firm manufactures a broad range of cutting-edge intralogistics automation solutions for all storage (ASRS – Automated Storage and Retrieval Systems), handling, and distribution requirements.

The scope includes turnkey design, engineering, production, and installation of the automation solution, as well as warehouse management system (WMS) software and post-commissioning servicing, with all crucial systems manufactured and assembled in-house.

 

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