Swiss cabling firm Reichle & De-Massari (R&M) is all geared up to push its offering in the FTTH (Fibre To The Home) and data centre space in the country. This move comes after, it recently acquired Advance Fibre Systems’ (AFS) business and assets in India.
With this, R&M has successfully expanded its manufacturing and assembling capabilities in India to cater to demands in the local market as well as the SAARC region.
“Manufacturing and assembling capabilities, market access and increase in customer base, along with engineering and localisation, are the three key reasons behind AFS’ acquisition,” Martin Reichle, Owner and Vice Chairman – Business Development – R&M told Express Computer.
Though, Reichle didn’t disclose the amount for AFS buyout, but he did mention that it’s a very strategic investment for the company.
The AFS acquisition in India, is probably a first of a kind strategic investment the Swiss family owned firm has made in recent years. “Our business has been growing organically all these years and have never felt the need to acquire businesses for growth purpose,” pointed Reichle.
“The growth markets in Asia and the Middle East achieved double-digit growth and now account for more than a quarter of the total turnover. We are extremely optimistic about our future in India,” added Reichle.
“Now, R&M has expanded its capabilities in research and development (R&D), engineering and designing, pre-sales and customisation,” pointed out Gaurav Ahluwalia, Managing Director – R&M India.
Founded in 2001, AFS is a fibre optic products manufacturer and solutions provider for the public networks and is also a R&M certified assembly partner for the E-2000 connector for past many years.
R&M entered India around 2006 and set up headquarters in Bangalore with offices in eight cities across the country. .