M&A
Zetwerk acquires US-based contract manufacturing co. Unimacts
Bengaluru-based contract manufacturing platform Zetwerk has acquired Lexington, MA (USA)-based Unimacts in a cash-and-equity deal that values the target company at USD 39 million. Unimacts is a contract manufacturing and supply chain solutions company focusing on renewable energy, apart from construction equipment and industrial products. The executive team of Unimacts, including CEO Matthew Arnold, CFO Andrew Woglom, and COO Alan Hays, will be joining Zetwerk, along with the rest of the 200-member team. This will bring up Zetwerk's global employee count to about 1,900.
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