# GRIMME and Shaktiman form 50/50 joint venture in India

The German GRIMME Group and Indian company Shaktiman established a 50/50 joint venture for the development and marketing of agricultural machinery. GRIMME will contribute its technology and Shaktiman will provide production capacity.

- Type: Acquisition
- Announced: 2019-05-23
- Where: India, India
- Status: announced
- Products: potato, beet and vegetable technology, agricultural machinery
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Grimme](https://endata.com/companies/18413.md) (partner)
- [Shaktiman](https://endata.com/companies/39466.md) (partner)

## Sources

- [luther-lawfirm.lu](https://www.luther-lawfirm.lu/newsroom/press-releases/detail/joint-venture-in-india-luther-advises-grimme), 2019-05-23: "GRIMME will contribute its cutting-edge German technology to the joint venture and Shaktiman will provide state-of-the-art production capacity."

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