Archive · 10 Jan 2026
Remmers to Acquire 50% Stake in Teknovace
A German company called Remmers is investing Rs 300 crore to buy half of an Indian company called Teknovace.
Teknovace makes special coatings for wood and has two factories.
Remmers is a big company with over 75 years of experience in coatings and chemicals.
They will help Teknovace grow by increasing their production and setting up new factories.
They also plan to create a global research center in India.
This partnership aims to make India a big player in the global coatings market, exporting to places like Asia, the Middle East, and Africa.
Both companies are excited about this deal and see it as a way to grow and innovate together.
Remmers Gruppe SE to invest Rs 300 crore for a 50.01% stake in Teknovace.
Teknovace operates two manufacturing facilities with a current capacity of 6,000 tonnes per annum.
Remmers will help expand Teknovace's production capacity to 60,000 tonnes per annum and set up new facilities.
The partnership aims to create a global R&D center in India and position India as a global manufacturing hub for advanced coatings.
Bathiya Advisors advised Teknovace, while PwC and JSA advised Remmers.
- Who
- Remmers Gruppe SE and Teknovace
- What
- Strategic partnership and equity investment
- When
- Details not specified
- Where
- Pune, India
- Why
- To expand manufacturing and technology capabilities, and position India as a global manufacturing hub for advanced coatings
- Company Acquired
- Teknovace
- Acquirer
- Remmers Gruppe SE
- Investment Amount
- Rs 300 crore
- Stake Acquired
- 50.01%
- Current Production Capacity
- 6,000 tonnes per annum
- Planned Production Capacity
- 60,000 tonnes per annum
- Advisors to Teknovace
- Bathiya Advisors
- Advisors to Remmers
- PwC (financial), JSA (legal)