Dixon Technologies (India) (Dixon) has entered into a binding term sheet with Signify Innovations India (Signify) for a proposed joint venture (JV) in India for carrying on the business as an original equipment manufacturer (OEM) of lighting products and accessories. Each of Dixon and Signify will hold 50% stake in the joint venture entity to be incorporated for this purpose. Neither Dixon nor Signify will have any stake in each other. The transaction will be subject to execution of such definitive agreements, completion of customary conditions precedent and receipt of applicable regulatory approvals, if applicable.
This association will bolster company’s manufacturing excellence and superior execution abilities and Signify’s leadership in the lighting industry. This partnership will further strengthen company’s foothold in the lighting business ecosystem in India in line with its strategic goals.
Dixon Technologies (India) is fully integrated end-to-end product and solution suite to original equipment manufacturers (OEMs) ranging from global sourcing, manufacturing, quality testing and packaging to logistics.
| Company Name | CMP |
|---|---|
| LG Electronics India | 1578.40 |
| Dixon Technologies | 11374.00 |
| IFB Industries | 1116.00 |
| Honeywell Automation | 32808.35 |
| Elin Electronics | 119.75 |
| View more.. | |
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