Jasch Industries sets up wholly owned subsidiary in US

08 Dec 2011

Jasch Industries has set up a wholly owned subsidiary under the name -- Jasch North America Co. -- in the United States (US) for acquisition of 100% shares of an existing US Company -- INDEV Gauging Systems Inc. -- in accordance with Automatic Route permitted by Reserve Bank of India (RBI).

The entire consideration amount has been made available by the company to the aforesaid subsidiary on December 07, 2011 and the whole process of actual acquisition is expected to be completed before December 31, 2011.  

Jasch Industries (India) is in automation industry, market leader for metal or flat sheet industrial measurement systems, as a part of Jasch group. The company’s world class products for online inspection are produced after exhaustive research at Sonipat facility.

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