Avalon Technologies Limited (AVALON)
Please find the enclosed Press Release pertaining to the Joint Venture Agreement between Avalon Technologies Limited and Zollner Elektronik AG.
Avalon Technologies and Zollner Elektronik AG form JV for advanced electronics manufacturing in India
- JV to focus on PCBA, box-build, system integration for healthcare, life sciences, rail, industrial sectors
- Zollner holds 51%, Avalon 49%; Avalon may increase to 51% after 3 years
- JV combines Avalon's India manufacturing with Zollner's global engineering and customer base
- Avalon to supply JV with cable wiring, magnetics, plastics, sheet metal, machining
- JV offers localization and supply chain resilience for global customers
- Avalon expands into new verticals and advances high-complexity manufacturing capabilities
Source: Original filing PDF
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PAT: ₹19,200 Cr (+17% YoY)
EBITDA margin: 16.8%
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