Tecnova India Pvt. Ltd. advised Bibus AG (Bibus) on buying out its Indian partner’s 50% equity in Bibus Horizon Mechatronics & Automations Pvt. Ltd. The JV, incorporated in 2012, was set up in Bangalore as a trade and assembly unit to cater to Indian customers.
Bibus will be now operating in India as a 100% owned subsidiary of Bibus AG, Switzerland. The transaction was closed in Bangalore on the 4th of May 2018.
The Mergers & Acquisitions team of Tecnova advised Bibus AG in all negotiations between the parties and was the official investment banker in the deal. The Team was led by Mr. Karan Singal, CEO of Tecnova.
