Chizel, an India-based business-to-business Cloud manufacturing company has been acquired by Truventor.AI, a deep tech led manufacturing company headquartered in Australia.
With the combined network of Truventor and Chizel, the cloud manufacturing company will be able to expand its reach not only to Indian job-shops but also to other manufacturing partners based out of EMEA, JAPAC, ANZ, NA and LA regions.
With this acquisition, Chizel will become 100% owned subsidiary of Truventor with an experienced leadership team and its founders will join the Truventor management team.
“We are super excited to announce our entry into the Indian custom manufacturing industry through the acquisition of Chizel. We will leverage Chizel’s extensive batch manufacturing experience in India to deliver better business outcomes for our customers, enabled by intelligent workflows and deep-tech framework.” – Soumitra Joshi Founder, Truventor
With this acquisition, Chizel will be re-launched with a new brand identity of TRUVENTOR. It will serve its customers under this new identity starting first week of December 2020.
-AK
Arya has been a part of the Content & Research Team at Hrnxt.com. She is a keen observer of economic developments, emerging businesses, people in business and keeps a tab on latest happenings in the business environment.