Kaynes Technology India Limited (BSE: 543664; NSE: “KAYNES”) has taken a significant step in its global expansion by acquiring a 54% controlling stake in Sensonic GmbH, Austria, through its wholly-owned subsidiary, Kaynes Holding Pte. Ltd. This strategic move positions Kaynes as a leader in innovation-driven infrastructure technology markets worldwide.
Sensonic GmbH, headquartered in Austria, specializes in advanced fiber optic sensing technologies for railway safety and efficiency. Its cutting-edge applications include track condition monitoring, landslide detection, and AI-driven security enhancements. By integrating Sensonic’s expertise with Kaynes Technology’s robust IoT innovation and manufacturing capabilities, the partnership aims to deliver groundbreaking infrastructure monitoring and management solutions.
The acquisition underscores Kaynes Technology’s dedication to smart, sustainable solutions, aligning with its vision for global growth and technological leadership. This partnership is set to revolutionize the infrastructure sector by offering superior, data-driven insights and enhanced operational efficiency to customers worldwide.
Ramesh Kunhikannan, Managing Director of Kaynes Technology, stated, “This acquisition marks a pivotal milestone in our mission to revolutionize technological solutions in infrastructure and electronics. Sensonic’s cutting-edge applications align seamlessly with our vision of delivering transformative innovation that propels progress. Together, we are poised to create exceptional value for our customers and partners while advancing railway safety and efficiency on a global scale. Further, I take this opportunity to thank our JV Partners viz., Fraushcer Sensor Technology Group GmbH and Sintela FS LLP for onboarding us as JV partner for a successful journey together.”
