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Deal Corner November 03, 2015

Leistritz forms joint venture in India

DEAL BRIEF

Leistritz Group, Germany (“Leistritz”), one of the leading global manufacturers of screw pumps, through its affiliates, have recently established their Indian joint-venture, Leistritz India Private Limited (“Leistritz India”), alongwith their long-time Indian distributor.

Leistritz India proposes to market and distribute advanced screw pumps designed and manufactured by the Leistritz Group in the Indian market.

Founded in 1905, Leistritz is a developer, manufacturer and worldwide marketer of engineered products for aerospace, energy, oil and natural gas, maritime and pharmaceutical industries.

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We, at Nishith Desai Associates, acted as Indian legal, tax and regulatory counsel to Leistritz for this transaction.

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