Remmers Group Germany Acquires 50.01% Stake in Teknovace; Announces ₹300 Crore Investment to Build Global Advanced Coatings Manufacturing Hub in India

We are happy to announce our strategic partnership with Remmers Group Germany where Remmers will acquire 50.01% strategic stake in Teknovace with a total of 300 Crores investment in two tranches. In many ways this partnership is historic in nature as it has potential to change the dynamics of Wood Coating supply chain by creating a deep tech integrated manufacturing hub in India catering not only to the Indian market but also to a large part of the global market.

The capital infusion will be deployed to significantly expand Teknovace’s manufacturing and technology capabilities. This includes significantly scaling wood coatings production capacity, setting up an integrated UV coatings manufacturing facility, establishing an in-house resin manufacturing unit, and building a greenfield construction chemicals factory in India. The partnership also envisages the creation of a global R&D centre in India, combining Remmers’ advanced technology platforms with Teknovace’s R&D-led manufacturing expertise.

Beyond domestic growth, the alliance is designed to position India as a global manufacturing and export hub for advanced coatings. Teknovace will directly supply markets across Asia-Pacific, the Middle East, and Africa, while also acting as a manufacturing and sourcing partner for select global markets through Remmers’ international network.