ELGi Equipments Enters Strategic Partnership with D.V.P. Vacuum Technology for Indian Market Expansion
Leading air compressor manufacturer, ELGi Equipments, has inked a multi-year technology licensing agreement with Italy’s D.V.P. Vacuum Technology S.p.A. The collaboration aims to manufacture, assemble, test, and sell D.V.P.’s proprietary vacuum products in India. This move allows ELGi to diversify its product portfolio and leverage D.V.P.’s renowned vacuum pump technology.
In a statement, Dr. Jairam Varadaraj, Managing Director, ELGi Equipments, said,
“Vacuum is synergistic and adjacent to compressed air, with profitability comparable with air compressors. This is a strategic move to expand our product portfolio, extend our reach in high-growth markets, and leverage meaningful technological, manufacturing, and marketing synergies. We will first incubate the business in India and then expand globally. We’re proud to partner with D.V.P. Vacuum Technology, a family-owned company that has been in the vacuum business since 1973. The team at D.V.P. shares our values, and their products are renowned for performance and quality.”
Roberto Zucchini, President and C.E.O., D.V.P. Vacuum Technology S.p.A., commented, “This agreement will allow D.V.P. to enter the very competitive Indian vacuum market leveraging the manufacturing structure and distribution network of Elgi. Furthermore, there are interesting opportunities for a synergic exchange of components and, consequently, the possibility to empower mutual business development.”
ELGi’s commitment to sustainability and its 60+ years of expertise position the company as a key player in the global market. With over 400 products catering to various industries, ELGi’s state-of-the-art manufacturing facilities, spanning three continents, are aligned with carbon neutrality, water conservation, and circular waste management practices.
This collaboration marks a strategic move for both companies, combining ELGi’s market reach and manufacturing prowess with D.V.P.’s specialized vacuum technology. As the global vacuum pump market continues to grow, this partnership positions ELGi Equipments for enhanced competitiveness and market expansion.
