Joint Venture25 Jun 2025, 02:08 pm
Him Teknoforge Ltd. Enters Joint Venture Agreement with Borghi Assali S.r.l. and Mr. Piercelestino Pecorari
AI Summary
Him Teknoforge Ltd. has entered into a Joint Venture Agreement with Borghi Assali S.r.l. and Mr. Piercelestino Pecorari for the formation of a Joint Venture company in India. The Joint Venture company will market, sell, and commercialize hydraulic and electric steering axles and drive wheels in Indian and South East Asian markets, and potentially other territories. The Company will hold 40% in the proposed JV Co., Mr. Piercelestino Pecorari will hold 10% proposed JV Co, and the balance 50% will be held by Borghi Assali S.r.l.
Key Highlights
- Him Teknoforge Ltd. has entered into a Joint Venture Agreement with Borghi Assali S.r.l. and Mr. Piercelestino Pecorari
- The Joint Venture company will market, sell, and commercialize hydraulic and electric steering axles and drive wheels in Indian and South East Asian markets
- The Company will hold 40% in the proposed JV Co., Mr. Piercelestino Pecorari will hold 10% proposed JV Co, and the balance 50% will be held by Borghi Assali S.r.l.
- The Joint Venture Agreement is for the formation of a Joint Venture company in India
- The Joint Venture Agreement is for marketing, selling, and commercializing hydraulic and electric steering axles and drive wheels