Joint Venture3 Sept 2026, 06:50 pm
Avalon Technologies forms JV with Zollner Elektronik AG
AI Summary
Avalon Technologies Limited has approved the formation of a joint venture with Zollner Elektronik AG, a European EMS company. The JV, named "Zollner Avalon Private Limited" (subject to regulatory approval), will establish a manufacturing and services platform in India for printed circuit board assembly, box-build, system integration, testing, and after-sales services. Initially, Zollner will hold a 51% stake and Avalon 49%, with Avalon having an option to increase its stake to 51% later. The JV aims to support domestic business, exports from India, and global customer programs. The transaction is subject to requisite approvals and finalization of definitive documents.
Key Highlights
- Avalon Technologies and Zollner Elektronik AG to form a joint venture.
- JV to establish India-based manufacturing for electronics assembly and services.
- Initial shareholding: Zollner 51%, Avalon 49%; Avalon may increase stake to 51%.
- JV aims to boost domestic and export manufacturing capabilities.
- Transaction subject to regulatory approvals and final agreements.
Price Impact
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