Cybernetik acquires 87.5% stake in US-based Buffalo Extraction Systems

Industrial automation firm Cybernetik on Tuesday said it has acquired an 87.5% stake in US-based Buffalo Extraction Systems for an undisclosed sum. The acquisition will help Cybernetik in providing turnkey industrial automation solutions to firms engaged in extraction of medicinal plants, herbs, spices and essential oils and expand presence to more markets around the world, the company said in a statement.

“Our acquisition of Buffalo Extraction Systems will open new networks for us in countries like Africa, India, Thailand, USA and South America,” Cybernetik Co-founder and Director Mahesh Wagle said.