Joint Venture3 Sept 2026, 07:01 pm
Avalon Technologies and Zollner Elektronik AG form Joint Venture
AI Summary
Avalon Technologies Limited has announced the formation of a joint venture with Zollner Elektronik AG, a leading European EMS company. The JV will focus on PCBA, box-build, and system integration manufacturing in India, serving sectors like Health Care & Life Sciences, Test & Measurement, and Rail. Initially, Zollner will hold 51% and Avalon 49%, with Avalon having an option to increase its stake to 51% after three years. This partnership leverages Avalon's manufacturing capabilities in India and Zollner's global expertise, aiming to expand Avalon's access to global customers and new industry verticals.
Key Highlights
- Avalon Technologies forms JV with European EMS leader Zollner Elektronik AG.
- JV to focus on advanced electronics manufacturing in India.
- Initial shareholding: Zollner 51%, Avalon 49%; Avalon can gain majority.
- Expands Avalon's global customer access and industry vertical reach.
- Combines Indian manufacturing strength with European engineering expertise.
Price Impact
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