CHG-MERIDIAN enters the Indian market with acquisition of OPC Asset Solutions

With effect from October 20, 2022, CHG-MERIDIAN acquired OPC Asset Solutions, an asset lifecycle manager based in Mumbai. The acquisition is part of the CHG-MERIDIAN Group’s strategy with its focus on growth, internationalisation and sustainability.

Like CHG-MERIDIAN, OPC Asset Solutions specialises in asset lifecycle management including long-term leasing of IT, industrial, and healthcare equipment for B2B customers. In addition to this, also like CHG-MERIDIAN, the business model of this established, non-captive company is rooted in the sustainable principles of the circular economy. Founded in 2005, OPC Asset Solutions employs around 50 people and supports a large range of local and international customers in the world’s sixth-largest national economy (2021).

“Current customer requirements, the appeal of the Indian market, and the very strong fit between the two business models means that this transaction offers a great deal of growth potential for us,” says Dr. Mathias Wagner, Chairman of the Board of Management of the CHG-MERIDIAN Group.

Successful integration into the CHG-MERIDIAN Group is also advantageous for OPC Asset Solutions: “As a new member of CHG-MERIDIAN Group, we will benefit from a number of synergies and an instant global footprint that will allow us to meet our customers’ needs,” explains R. Venkatesan, Managing Director of OPC Asset Solutions.

Growth driven by international customers. This acquisition enables CHG-MERIDIAN to address the growing importance of offering services globally to international customers. Indeed, a large number of the Group’s customers are already present in India. “This is why many of them are asking about lifecycle products as well as usage models for their IT investments also there,” says Dr. Mathias Wagner.

Moreover, the transaction will unlock the growth potential of India, a consistently fast-growing market. Attractive economic growth and increasing levels of digitalisation still hold enormous potential for usage models based on effective asset lifecycle management. The acquisition will therefore contribute to the further growth development of CHG-MERIDIAN.