Karl Mayer, a German headquartered group focusing on manufacturing of textile machinery, entered into a joint venture with Rabatex Industries and A.T.E. Group in India. The joint venture company named Karl Mayer Textile Machinery India Private Limited, will be majority owned and controlled by Karl Mayer. The joint venture aims to enhance the position and distribution in the Indian market for each of the joint venture partners, especially by using the existing competencies of each of the partner. Rabatex is one of the leading manufacturers of advanced computerized sectional warping machines, according toKarl Mayer’s press release.
Nishith Desai Associates advised
Economic Laws Practice (ELP) acted as counsel to the
2019-03-29
Deal value: Confidential
This deal report is based on a firm's press release and may be only partially complete. Some firms or names of advisers may be therefore be missing.