Veka AG has successfully acquired the remaining equity stake in NCL Veka from NCL Group, gaining full ownership of the joint venture and reinforcing its commitment to the Indian UPVC market.
Target Company Overview
IMAP India is proud to announce the successful conclusion of a strategic transaction in which Veka AG, the largest global manufacturer of UPVC profiles, has acquired the remaining equity stake in NCL Veka from NCL Group. This acquisition completes Veka's full ownership of the joint venture, marking the end of a productive partnership and demonstrating Veka's ongoing commitment to the Indian market.
NCL Group, based in Hyderabad, is a prominent manufacturer specializing in building materials, including doors, windows, coatings, and construction chemicals. As the demand for UPVC profiles continues to grow in India, NCL sought a global partner to bolster its growth strategy through enhanced product design, technology, and operational capabilities.
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Industry Overview in India
The building materials industry in India is witnessing significant growth, driven by urbanization, increasing housing demand, and infrastructural developments. With a young population and r
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Veka AG
invested in
NCL Veka
in
in a Merger deal