Vikas Lifecare’s subsidiary -- Genesis Gas Solutions (Genesis) has entered into a Memorandum of Understanding (MoU) with ‘S I C K’ India, a subsidiary company of ‘S I C K’ A.G. headquartered in Germany, for promotion and marketing of a certain type of Ultrasonic Gas Meters in a pre-defined geographical territory including India and certain Asian countries as well, with an initial sales target of Rs 450 million, for the first year.
The company recently announced acquisition of 75% equity of Genesis which is engaged in the business of developing ‘Smart Products’ including Smart Gas Meters & Power Distribution solutions for the infrastructure segment.
Vikas Lifecare is engaged in trading and manufacturing of polymer, rubber compounds and additives for plastics, synthetic & natural rubber.
