Avalon Technologies and Zollner Elektronik AG (Zollner), a leading European electronics manufacturing services company, have formed a joint venture (JV) for Printed Circuit Board Assemblies (PCBA), box-build and system integration manufacturing in India. The JV will serve customers across geographies in sectors including Health Care & Life Sciences, Test & Measurement, Rail and other Industrial verticals. Under the terms of the arrangement, Zollner will initially hold 51% and Avalon Technologies will hold 49% of the JV. Beginning three years after the start of commercial production at the JV's manufacturing facility, Avalon Technologies will have an option, subject to certain conditions, to acquire an additional 2% stake, taking its shareholding to 51% and making it the majority shareholder in the JV. This structure lets Zollner lead the JV's early operations, drawing on its manufacturing and engineering experience, while giving Avalon Technologies a clear route to increase its ownership as the business matures.
The JV brings together Avalon Technologies' established manufacturing capabilities, supply chain relationships and operating footprint in India with Zollner's engineering expertise, international customer relationships and full product lifecycle capabilities (from R&D through production and after-sales service) built over more than six decades of serving strategic, high-reliability industries. The partners intend to leverage these complementary strengths to create a differentiated manufacturing platform in India, accelerate scale, and help global customers build more resilient and diversified supply chains.
Avalon Technologies is one of India’s leading fully integrated EMS companies, with years of manufacturing excellence and a proven track record of delivering end-to-end box-build solutions in India, with a focus on high-value, precision-engineered products.
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| Kaynes Technology | 3581.20 |
| Saatvik Green Energy | 418.00 |
| Fujiyama Power Sys. | 428.15 |
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