ELGi announces multi-year technology licensing agreement with DVP Vacuum Technology S.p.A

  • Industry News
  • Feb 19,24
With this agreement, ELGi will expand its product portfolio to include vacuum products.
ELGi announces multi-year technology licensing agreement with DVP Vacuum Technology S.p.A

Elgi Equipments, one of the world's leading air compressor manufacturers, today announced its partnership with DVP Vacuum Technology S.p.A., Italy, to manufacture, assemble, test, and sell DVP's proprietary vacuum products in India. With this agreement, ELGi will expand its product portfolio to include vacuum products. D.V.P. Vacuum Technology S.p.A., a manufacturer of vacuum pumps, will benefit from ELGi’s robust manufacturing capability and extensive sales and service presence in India to gain access to the fast-growing Indian market. The global vacuum pump market has witnessed continuous growth in the last few years and is estimated to be 6-7 billion USD in 2024.

“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 DVP shares our values, and their products are renowned for performance and quality," remarked Dr Jairam Varadaraj, Managing Director, ELGi Equipments.

Roberto Zucchini, President and CEO, DVP 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.”

For over 60 years, ELGi's pioneering products and compressed air solutions have served various applications across industries ranging from manufacturing, food and beverage, construction, pharmaceuticals, and textiles in over 120+ countries. Powering a 400+ product-strong portfolio, ELGi's state-of-the-art global manufacturing facilities, spanning three continents, are committed to carbon neutrality, water conservation, and circular waste management.

Related Stories

Other Industrial Products

"Elgi Equipments sees growth in vacuum technology market."

In this interview with Rakesh Rao, Dr Jairam Varadaraj, Managing Director, and Anvar Jay Varadaraj, Chief Operating Officer, of Elgi Equipments Ltd, elaborate on the company’s future plans and ind..

Read more
Other Industrial Products
Elgi Equipments releases Q4 FY24-25 results

Elgi Equipments releases Q4 FY24-25 results

The company, on a consolidated basis posted a PAT of Rs 947 million for the quarter, compared to a PAT of Rs 913 million in the same period in 2023-2024, representing a growth of 4%.

Read more
Policy Regulation
How to build India’s global manufacturing capabilities?

How to build India’s global manufacturing capabilities?

The Indian manufacturing sector stands at a critical juncture, with several opportunities arising from global shifts and local initiatives. But to take advantage of this evolving market, Indian manu..

Read more

Related Products

Heavy Industrial Ovens

INDUSTRIAL SUPPLIES

Hansa Enterprises offers a wide range of heavy industrial ovens.


Read more

Request a Quote

High Quality Industrial Ovens

INDUSTRIAL SUPPLIES

Hansa Enterprises offers a wide range of high quality industrial ovens. Read more

Request a Quote

Hydro Extractor

INDUSTRIAL SUPPLIES

Guruson International offers a wide range of cone hydro extractor. Read more

Request a Quote

Hi There!

Now get regular updates from IPF Magazine on WhatsApp!

Click on link below, message us with a simple hi, and SAVE our number

You will have subscribed to our Industrial News on Whatsapp! Enjoy

+91 84228 74016