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Meson Valves India Secures License Agreement with Georg Schunemann GmbH

Posted On : 2024-04-25 18:32:36( TIMEZONE : IST )

Meson Valves India Secures License Agreement with Georg Schunemann GmbH

Meson Valves India Limited (BSE CODE: 543982), a leading player in specialist values with Industrial, marine, and defence applications, has signed a significant agreement with Georg Schunemann GmbH (the Licensor) of Bremen, Germany.

Meson Valves and its subsidiaries are exclusively authorized to utilize essential expertise concerning filters, manufactured products, and inserts with the additional benefit of seeking assistance from Georg Schunemann GmbH to ensure optimal technology utilization.

The agreement empowers Meson Valves to proactively anticipate and champion 'Make in India' as the premier choice for global manufacturing. This exclusive arrangement grants the company a unique competitive advantage within its market segment. Additionally, further allows the company to cater to a more diverse range of industries such as Aerospace, Water Treatment, HVAC, Oil and Gas, Automotive, and others.

Through acquiring valuable expertise spanning manufacturing techniques, assembly processes, marketing strategies, and sales tactics, Meson Valves is positioned to enhance its product offerings and bolster its market presence.

Commenting on the licensing, Mr. Brijesh M. Manerikar, Chairman and Managing Director of Meson Valves India Limited said, "We are thrilled about the exclusive rights we have been granted. The collaborative opportunities are particularly exciting, and we anticipate that they will streamline our operations and enhance our product offerings.

This agreement provides us with a strategic advantage within the Indian market. This will allow us to elevate our product offerings and strengthen our presence by opening new avenues for growth and enabling us to cater to a broader industrial spectrum Additionally, we are committed to proposing innovative improvements, demonstrating our dedication to delivering high-quality products to our customers.

This license agreement delineates the terms between Meson Valves India Limited and Georg Schunemann GmbH, laying the foundation for a mutually beneficial collaboration in the realm of valve manufacturing and related applications.

Shares of Meson Valves India Limited was last trading in BSE at Rs. 861.00 as compared to the previous close of Rs. 820.00. The total number of shares traded during the day was 38400 in over 31 trades.

The stock hit an intraday high of Rs. 861.00 and intraday low of 781.00. The net turnover during the day was Rs. 32142480.00.

Source : Equity Bulls


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