Windsor Machines’ wholly owned subsidiary (WOS), Wintech B.V., has incorporated a wholly owned subsidiary, ‘Wintal Machines S.r.l.’ on September 16, 2013, in Italy to acquire the business of an Italian Company, Italtech S.p.a.
Further, Wintal Machines S.r.l has entered into preliminary transfer of Business Agreement with Italian authorities under Italian Bankruptcy Law for leasing the business of Italtech S.p.a., with the aim of buying the same in a predetermined time period. During this period Wintal Machines S.r.l. will manage and grow the business of Italtech S.p.a. around the world.
This acquisition is a great opportunity for Windsor Machines to get superior technology for Injection Moulding Division as well as to get Italtech S.p.a’s erstwhile global customers. This shall help Windsor Machines to serve its customers, in India and abroad, with better products and services.
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