JOPP Holding GmbH has agreed to acquire the remaining 50 % stake in Lumax JOPP Allied Technologies Private Limited from Lumax Auto Technologies Limited. Upon completion of the transaction, the company will become a wholly owned subsidiary of JOPP.
Since its founding as a joint venture in 2019, Lumax JOPP Allied Technologies has established itself as a strong and trusted partner in the Indian automotive industry. JOPP expresses its sincere appreciation to Lumax Auto Technologies for the constructive collaboration over the past years.
This step marks an important milestone for JOPP and highlights the strategic importance of the Indian market for the company’s future growth. Together with employees, customers, and partners, JOPP aims to continue this successful journey.
For employees, customers, and business partners, continuity and long-term development remain a key priority. This transaction is expected to create new opportunities for growth, closer collaboration, and shared success.