Elgi Equipments, Asia’s largest manufacturer of air compressors and automobile service station equipments, has acquired 100 per cent stake in Italian company, Rotair S.p.A for an undisclosed amount..Narasappa, Doraswamy & Raja acted as Indian legal counsel to Elgi Equipments with a team led by Partner Harish B Narasappa along with Senior Associate Ashwini Vittalachar while Norton Rose Head of Italy, Paolo Daviddi acted as Italian legal advisor to Elgi..Italian firm Gianni, Origoni, Grippo, Cappelli & Partners acted as legal advisors to Rotair..ET reports, the buyout will help the Coimbatore-based firm in gaining access to new technologies and product lines, besides getting a strong foothold in markets where Elgi is not currently present.Rotair is engaged in design, manufacture and distribution of a range of compressors and allied products for the construction and industrial sectors..The acquisition has been done through Elgi’s wholly-owned Italian subsidiary.
