Joint Venture12 Mar 2026, 09:31 pm
Action Construction Equipment Ltd. Announces Joint Venture with KATO WORKS CO., LTD.
AI Summary
Action Construction Equipment Ltd. (ACE) has entered into a Joint Venture Agreement with KATO WORKS CO., LTD. (KATO). The JV will combine KATO's global technology, design, and engineering expertise with ACE's strong manufacturing base, extensive market reach, and operational capabilities in India. The JV Company will be incorporated as a private limited company under the Companies Act, 2013, with each party holding 50% shareholding upon completion of the closing actions. The JV is expected to enhance product competitiveness and open new growth opportunities across domestic and international markets.
Key Highlights
- Execution of Joint Venture Agreement with KATO WORKS CO., LTD., Japan
- 50% shareholding of each party in the JV Company upon completion of closing actions
- Combination of KATO's global technology and ACE's strong manufacturing base
- New growth opportunities across domestic and international markets
- Incorporation of the JVCo as a private limited company under the Companies Act, 2013