December 2024
Published: 27 Nov 2024
Author: Precedence Research
Brennan Industries, which is one of the world's leading manufacturing companies specializing in hydraulic and fluid connectors, has bought the Brazilian Coterflex Industrial in November 2024. This firm is one of the most recogni zed names in Brazil with needs very specific to industrial solutions. The purchase is strategically positioned towards diversifying Brennan's offerings and broadening its key international market reach. The reputation of Coterflex Industrial is built on its specialty in customized manufacturing for various industrial applications including aerospace, automotive, energy, and other industrial applications. By bringing Coterflex's innovations into the fold, Brennan intends to serve its clientele around the globe better with their evolving needs.
The acquisition is aligned along a broader corporate strategy of Brennan to extend its geographic footprint and improve operational efficiencies. As it enters into the South American market along with the established position of Coterflex, Brennan bolsters its position as the leading global supplier of industrial distribution solutions. The acquisition epitomizes the fast-growing consolidation trend in the industrial distribution space, where international players preferred strategic partnerships for enhanced capabilities; a precedent has been set by Brennan Industries for strategic growth, operational excellence, and customer-centric innovation.
How Indian Industrial Boom will Help Warehouse Automation?
Apart from major leading countries across the globe, India is also seen to witness a major expansion in warehouse automation. As the nation’s economy grows, the logistics and warehousing industry is observed to boom rapidly. Companies such as Addverb Technologies and Falcon Autotech have started innovating warehouses and assembly lines through their state-of-the-art robots and AI-powered predictive analysis methods. India’s courier network has recently shown robust expansion while reaching at even in smaller cities with population of less than 50,000.
“According to a report by World Federation of Direct Selling Associations in 2022, India’s direct marketing sector recorder annual sales of $3.23 billion. Whereas the Indian Direct Selling Association reported a Y-o-Y growth rate of 5.4% in 2022 on direct active sellers.”
The global industrial distribution market size accounted for USD 8.41 trillion in 2024 and is projected to reach around USD 12.39 trillion by 2033, growing at a CAGR of 4.39% during the forecast period from 2024 to 2033.
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December 2024
December 2024
December 2024
December 2024