Joint Venture2 Sept 2025, 05:01 pm
Him Teknoforge Ltd Forms Joint Venture for Marketing Hydraulic Steering Axles
AI Summary
Him Teknoforge Ltd has formed a joint venture company with Borghi Assali S.r.l. and Mr. Piercelestino Pecorari for marketing, selling, and commercializing hydraulic and electric steering axles and drive wheels in Indian and Southeast Asian markets, among others. The joint venture company, Dinamico Axles & Drive Wheels Private Limited, has been incorporated in India with Him Teknoforge holding 40%, Mr. Piercelestino Pecorari holding 10%, and Borghi Assali S.r.l. holding 50% of the equity stake.
Key Highlights
- Him Teknoforge Ltd forms a joint venture with Borghi Assali S.r.l. and Mr. Piercelestino Pecorari
- Joint venture company, Dinamico Axles & Drive Wheels Private Limited, incorporated in India
- Company to market, sell, and commercialize hydraulic and electric steering axles and drive wheels
- Him Teknoforge holds 40%, Mr. Piercelestino Pecorari holds 10%, and Borghi Assali S.r.l. holds 50% equity stake in the joint venture company