The Camfil Farr Group has a majority stake in the new company, which now operates as Camfil Farr Air Filtration India Ltd. Anand will continue as a JV partner in this venture.
“Anfilco has been a Camfil Farr licensee for gas turbine air filters and filtration equipment for locomotive diesel engines for a number of years. As Camfil Farr Air Filtration India, the new subsidiary will serve as a bridgehead for the Camfil Farr Group to expand into the local Indian market,” commented Johan Ryrberg, Executive Vice President and CFO of the Camfil Farr Group. “Due to our past solid relations and co-operation with the Anand Automotive Systems, we considered it a natural strategic step to invest in a joint venture taking over Anfilco’s operations. We look forward to developing our business in India.”
Camfil Farr Air Filtration India’s production plant and offices are based in Gurgaon, close to Delhi. The acquisition represents the Camfil Farr Group’s entry into the south-central Asian market. Initially, it will be integrated with Camfil Farr Power Systems, which is representing 17 per cent of the group sales.
The Camfil Farr Group is a world leader in the production and development of air filters and clean air solutions with 24 production units and R&D; centres in the Americas, Europe and the Asia-Pacific region. Headquartered in Stockholm, Sweden, the group has 3,200 employees and sales in the range of SEK 4.1 billion. International markets account for more than 90 per cent of its sales.
Camfil Farr’s business concept is to provide customers with best-in class air filtration products and services within four main segments: comfort air, clean processes, safety & protection and power systems.
Anand Automotive Systems serves the global automotive industry with innovative and technologically advanced range of automotive systems, from shock absorbers, struts, forks, engine bearings to automotive and industrial filters, piston rings and gaskets.
Established in collaboration with various leaders in the automotive segment, the company employs 7,500 people and has 44 manufacturing locations in India with an extensive customer base in OE and aftermarket.
