Rajesh Naik, Head of Illumination Business at Bajaj Electricals Ltd. said, “Being the pioneer in the lighting segment, Bajaj Electricals has been committed to creating innovative products and providing end-to-end solutions for its customers. With wtec’s state-of-the-art technology, we will establish exclusive end-to-end product and smart service offerings in India’s growing Data Centre, Public Infrastructure and Logistics verticals. These will create smart and sustainable spaces with exciting features, meaningful value, and substantial cost savings for our customers in India. With our reach and proven network-powered technology from wtec, we are confident about making a good impact on this fast-growing segment.”
Alex Klein, Director of Sales for wtec added, “This partnership between Bajaj Electricals Limited and wtec is an important milestone in the illumination and infrastructure segments that will help reimagine the next chapter of smart lighting via futuristic internet of things (IoT) offering. Having successfully delivered hundreds of network-powered lighting projects worldwide, some of the largest have been in the office space in India. Partnering with the experience, reach and values of Bajaj Electricals in view of joint market leadership is the next logical step, and we are looking forward to it.”
Swiss-based Anchor Group has played an instrumental role in activating this partnership. With operations in Switzerland, India, and three other countries, the Group has a very strong cross-border investment and strategic alliances model targeting cutting edge technology companies across Europe and India. The Group’s efforts are dedicated towards growth and expansion stage technology companies, financial institutions, and private investors seeking growth and direct investment opportunities under the cross-border model. Raghav Kanoria, Partner at Anchor Group, said, “As a leading cross-border investment & corporate development firm, Anchor Group understands that India is ripe to absorb cutting edge technology and offers a substantial growth opportunity for global firms. We are delighted to forge this alliance between Bajaj Electricals Limited and wtec that will bring cutting-edge German and US technology to the Indian market. This combination of technology and the reach and experience of Bajaj Electricals shall accelerate the move towards smarter, more sustainable, and future-proof buildings.”
Bajaj Electricals Limited has a strong presence in India in the smart lighting and outdoor infrastructure segment. Over the years, it has grown to offer smart and sustainable products and solutions to its discerning customers. wtec’s smart engine platform comprises network-powered, low voltage smart building technology that delivers real-time IP data from its fine-mesh sensor network while powering and controlling LED fixtures with best-in-class energy efficiency and achieving savings up to 75%. Open APIs connect to building systems for additional savings from HVAC optimisation, and to smart building apps for wayfinding, asset tracking, space management, and analytics. Customers will enjoy synergies from this partnership as the solutions offered will have scalable architecture, making technology quick to install and commission, easy to administer, and flexible for building changes.