# Remmers to acquire 50.01% stake in Teknovace for Rs 300 crore

Remmers Gruppe SE will invest Rs 300 crore to acquire a 50.01% stake in Teknovace, a wood coatings company, in two tranches. The partnership aims to expand Teknovace's manufacturing capabilities and establish a global R&D centre in India.

- Type: Acquisition
- Announced: 2026-01-09
- Where: India, India
- Value: $36.0M (300.0M INR)
- Status: announced
- Capacity: wood coatings production capacity from 6,000 to 60,000 tonnes per annum
- Products: wood coatings, UV coatings, construction chemicals
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Remmers Gruppe SE](https://endata.com/companies/89551.md) (acquirer)
- [Teknovace](https://endata.com/companies/89552.md) (target)

## Sources

- [constructionweekonline.in](https://www.constructionweekonline.in/business/teknovace-remmers), 2026-01-09: "This partnership with Remmers is not just about capital; it is about building a deeply integrated, technology-led manufacturing ecosystem in India."
- [constructionworld.in](https://www.constructionworld.in/policy-updates-and-economic-news/teknovace--remmers-forge-rs-3-bn-deal-for-global-coatings-hub-/84308), 2026-01-09: "This partnership with Remmers is not just about capital; it is about building a deeply integrated, technology-led manufacturing ecosystem in India."
- [urbanacres.in](https://urbanacres.in/india-wood-coatings-sector-attracts-major-foreign-investment/), 2026-01-12: "The ₹300 crore deal, in which Remmers will acquire a majority stake in Teknovace, underscores India’s emerging role in advanced construction materials."

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