Elgi Equipments has signed a technical licensing agreement with D.V.P. Vacuum Technology S.P.A., (DVP) Italy, on February 15, 2024, to acquire from DVP the know-how, technical information and assistance to assemble, manufacture and sell the ‘Vacuum Products’ in India, and outside India at relevant time with consent of DVP. DVP provides an exclusive, non-transferable right to the Company to manufacture and sell the Vacuum Products in India. Vacuum Products comprise of oil-free and oil-lubricated rotary vane type Vacuum Pumps with possibility to add other types in due course, with mutual consent. The collaboration gives the company the opportunity to expand its offering to include vacuum products.
Elgi Equipments is a holding company and an air compressor manufacturer. The company’s segments include Compressors, Automotive Equipments and Others.
