The Hilti Group has purchased an 80% stake in the Indian-based Bhukhanvala Diamond Systems Private Ltd. The transaction took place at the beginning of the year. The two companies have worked together since 2002 and are now taking a step that will strengthen joint development and production of diamond consumables.

"We have the same goals as the Hilti Group as we place tremendous value on quality and reliability in the development and production of our diamond cutting discs and diamond consumables," says Nitish Bhukhanwala, the CEO of Bhukhanvala Diamond Systems Private Ltd.

Based in Navsari, roughly 250 km north of Mumbai, the company was founded in 1971 to specialise in the manufacture of diamond products for use in the stone and construction industries. Bhukhanvala Diamond Systems Private Ltd set a goal of further cultivating and expanding existing business and using its high-quality diamond products to generate a greater presence on the international market. Today the company employs some 250 people and has annual sales of $US 15 million.

"The stake in this company not only provides us with access to valuable product knowledge but also to relevant production technology. The expansion potential of Bhukhanvala Diamond Systems Private Ltd corresponds to our intent to grow further," says Matthias Gillner, Head of Hilti's Electric Tools & Accessories Business Area and Chairman of the Board of Directors of Bhukhanvala Diamond Systems Private Ltd.