Zetwerk set for over $1-billion revenue in FY23 on China Plus One

Zetwerk's acquisition of Unimacts will provide the company with immediate access to marquee solar and wind-power customers

Manufacturing unicorn Zetwerk said it is on track to cross over $1 billion in revenue during the current financial year. At a time when companies are considering the China Plus One strategy, it is turning out to be a big opportunity for Zetwerk, which is a global source of manufacturing across industrial and consumer products.

To strengthen its international operations, Bengaluru-based Zetwerk has acquired US-based manufacturing services company Unimacts at a valuation of $39 million. Unimacts operates within various industries, including industrial products, material handling, and renewable energy segments.

“Our entire US business is built on China Plus One theme.