Elgi Equipments, Asia’s largest manufacturer of air compressors and automobile service station equipments, has acquired 100 per cent stake in Italian company, Rotair S.p.A for an undisclosed amount..Narasappa, Doraswamy & Raja acted as Indian legal counsel to Elgi Equipments with a team led by Partner Harish B Narasappa along with Senior Associate Ashwini Vittalachar while Norton Rose Head of Italy, Paolo Daviddi acted as Italian legal advisor to Elgi..Italian firm Gianni, Origoni, Grippo, Cappelli & Partners acted as legal advisors to Rotair..ET reports, the buyout will help the Coimbatore-based firm in gaining access to new technologies and product lines, besides getting a strong foothold in markets where Elgi is not currently present.Rotair is engaged in design, manufacture and distribution of a range of compressors and allied products for the construction and industrial sectors..The acquisition has been done through Elgi’s wholly-owned Italian subsidiary.
Elgi Equipments, Asia’s largest manufacturer of air compressors and automobile service station equipments, has acquired 100 per cent stake in Italian company, Rotair S.p.A for an undisclosed amount..Narasappa, Doraswamy & Raja acted as Indian legal counsel to Elgi Equipments with a team led by Partner Harish B Narasappa along with Senior Associate Ashwini Vittalachar while Norton Rose Head of Italy, Paolo Daviddi acted as Italian legal advisor to Elgi..Italian firm Gianni, Origoni, Grippo, Cappelli & Partners acted as legal advisors to Rotair..ET reports, the buyout will help the Coimbatore-based firm in gaining access to new technologies and product lines, besides getting a strong foothold in markets where Elgi is not currently present.Rotair is engaged in design, manufacture and distribution of a range of compressors and allied products for the construction and industrial sectors..The acquisition has been done through Elgi’s wholly-owned Italian subsidiary.