Dixon Technologies (India) has executed a joint venture (JV) agreement with Signify to enable formation of a joint venture company in India to carry on the OEM business of lighting products and accessories, and is subject to completion of customary conditions precedent (Proposed Transaction). The share capital of the joint venture company will be held in the proportion of 50:50 by the Company and Signify.
This association will bolster the company’s manufacturing excellence and superior execution abilities and Signify’s leadership in the lighting industry. This partnership will further strengthen the company’s foothold in the lighting business ecosystem in India in line with the company’s 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.
