BVK Group Acquires Full Ownership of GKD India, Rebrands as WMW Industries

BVK Group has announced the completion of its acquisition of the remaining equity in GKD India Ltd, marking the end of a joint venture that began in 2011 with Germany's GKD Group. The newly acquired entity will now operate under the name WMW Industries Ltd, positioning itself as India's largest integrated woven mesh solutions provider.

Acquisition Details

The acquisition, which took place in the previous fiscal year, was executed through a mutual agreement between the two family-owned organizations. While the financial terms of the deal remain undisclosed, this move signifies a significant shift in the ownership structure of the former joint venture.

New Identity and Capabilities

With the rebranding to WMW Industries Ltd, the company is set to leverage its enhanced capabilities in the woven mesh solutions sector. The firm boasts an impressive array of certifications, including:

• IATF 16949
• ISO 9001
• ISO 14001
• ISO 45000

These certifications underscore WMW Industries' commitment to quality, environmental management, and occupational health and safety standards.

Future Plans and Focus Areas

WMW Industries has outlined ambitious plans for the future, including:

1. New Manufacturing Facility: The company plans to launch a new Leed platinum rated manufacturing facility by November 2025. This state-of-the-art facility will align with the company's focus on sustainability.

2. Product Portfolio: WMW Industries will concentrate on developing and producing customized woven technical mesh solutions for various sectors, including:

   • Energy
   • Automotive
   • Industrial filtration
   • Architecture
   • Solid-liquid separation

Industry Impact

This acquisition and subsequent rebranding position WMW Industries as a major player in the Indian woven mesh solutions market. By integrating the expertise and resources of both BVK Group and the former GKD India, the company is well-equipped to meet the diverse needs of its target industries.

The move also reflects a growing trend of Indian companies taking full control of their joint ventures with foreign partners, potentially signaling increased confidence in domestic manufacturing and technological capabilities.

As WMW Industries embarks on this new chapter, the industry will be watching closely to see how the company leverages its enhanced position to drive innovation and growth in the woven mesh solutions sector.