BWIR to Acquire think3 Engineering Services Division in India
ST. LOUIS, MO, May 12, 2009 – Barry-Wehmiller International Resources (BWIR) has announced the signing of a letter of understanding with think3 of Milan, Italy, to transition and integrate think3’s Engineering Services Division with BWIR’s operations in Chennai, India. Think3 is a leading provider of engineering products and services for more than 30 years. The agreement will allow current and future think3 customers to leverage BWIR’s broad service offerings, offshore model and global footprint to enhance their competitive market positions.
“Think3’s Engineering Services Division is a perfect complement to BWIR on multiple fronts,” said Senthilkumar Deivasigamany, BWIR senior partner. “The type of customers, the model of developing long-term annuity relationships with dedicated teams, and the nature of the work are all a strong fit, which we believe will prove mutually beneficial to our customers as well as our engineering professionals. In addition, BWIR’s people-centric leadership culture will provide a continuity of professional development opportunities for the think3 professionals that join BWIR in Chennai.”
BWIR has more than a decade of experience offering tool-agnostic engineering and product lifecycle management implementation services to global manufacturing companies. The additional expertise that BWIR will acquire with the think3 suite of products will provide an added dimension in the European market to expand BWIR’s global delivery and execution capabilities.
“Beyond the transition of think3’s Engineering Services Division to BWIR, we look forward to pursing opportunities in which the synergy between think3 and BWIR will provide greater resource capabilities to meet our global strategic objectives,” commented Filippo Zuccarello, CEO of think3.
About Barry-Wehmiller International Resources
Barry-Wehmiller International Resources (BWIR) is a global provider of business and technology solutions to the mid-market manufacturing domain. With headquarters in St. Louis, Mo., and primary operations in India, BWIR’s mission is to provide innovative solutions that enable its customers to achieve a competitive edge in their marketplace. The firm is part of the consulting platform of Barry-Wehmiller Companies, Inc., a $1.1 billion global provider of engineering consulting and manufacturing technology solutions across a broad spectrum of industries.
Think3 has been operating in the ICT sector for 30 years and provides the only technology that links three separate design areas: the concept, its development and the finished product. In this way, think3 enables thousands of customers to innovate, to compete and to rise to the challenges of global markets, thanks to the integration of processes, which helps to accelerate time to market and to reduce costs.
Barry-Wehmiller Companies, Inc. is a diversified global supplier of engineering consulting and manufacturing technology solutions in packaging, corrugating, and paper converting across a broad spectrum of industries. Barry-Wehmiller’s balanced approach to the market is made possible through nine interactive divisions: Accraply, a leading manufacturer of automatic labeling and label converting and finishing systems; Barry-Wehmiller International Resources (BWIR), a global provider of business and technology solutions to the mid-market manufacturing domain; Design Group, a premier supplier of manufacturing automation, facility design, and other engineering consulting services; FleetwoodGoldcoWyard, a leading producer and supplier of advanced conveyance technology and product handling equipment; HayssenSandiacre, a form/fill/seal technologies and services leader for more than 100 years; MarquipWardUnited, a leading manufacturer of equipment for the corrugated and folded carton industries; Paper Converting Machine Company (PCMC), providing advanced converting, printing, and packaging technologies for the tissue, nonwovens, and flexible packaging industries since 1919; PneumaticScaleAngelus, a global provider for filling, capping, can seaming, labeling, and centrifugation; and Thiele Technologies, a leading producer of placing, bagging, cartoning, case packing, and palletizing equipment.
In fiscal year 2008, a strategic combination of organic and acquisition growth has allowed Barry- Wehmiller to reach a new milestone, with annual revenues now surpassing $1.1 billion for the first time in the company’s 123-year history.