# PiovanGroup raises stake in Nu-Vu Conair to 51% majority in India

PiovanGroup acquired an additional 1% equity stake in Nu-Vu Conair Private Ltd, bringing its collective holding to 51% and consolidating its position in India's plastics and polymer processing market.

- Type: Acquisition
- Announced: 2024-02-06
- Where: Ahmedabad, India
- Status: completed
- Products: automation solutions for polymer manufacturing, industrial cooling solutions
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md), [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [PiovanGroup](https://endata.com/companies/3813.md) (acquirer)
- [Nu-Vu Conair Private Ltd](https://endata.com/companies/11503.md) (target)

## Sources

- [piovan.com](https://www.piovan.com/news/piovangroup-strengthens-competitive-presence-in-india/), 2024-02-06: "The acquisition of an additional 1% equity stake in Nu-Vu Conair Private Ltd. allows PiovanGroup to reach a collective 51% stake."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.