Voltas joins forces with Denmark’s Vestfrost Solutions to develop and sell medical refrigerated vaccine storage equipment. | Rare Techy
Voltas Limited, a Tata Enterprise and Vestfrost Solutions have entered into a Technology Licensing Agreement to develop, manufacture, sell and operate medical refrigeration equipment and vaccine storage equipment including Ice Refrigerators, Ice Kano, and Ice Cubes in the Indian market.
Vestfrost Solutions was founded in Esbjerg Denmark in 1963 and is one of the world’s leading manufacturers and suppliers of innovative and efficient refrigerators in the Bio Medical and Cold Chain industry and provides technology and know-how to make the products at Voltas facilities. in India.
This partnership will strengthen the brand and expand the sales and distribution of Voltas. Voltas has been the undisputed market leader for residential air conditioners in India for over a decade and is also the market leader for Commercial Refrigeration products in India.
Vestfrost Solutions brings its strong R&D and manufacturing expertise, in addition to a wide range of products and global capabilities. These products are manufactured using Vestfrost’s best international practices and meet the requirements of the pharmaceutical industry.
Speaking about the collaboration, Mr. Pradeep Bakshi, MD & CEO, Voltas Limited said, “This is a logical product expansion for Voltas and we are delighted to join hands with Vestfrost Solutions. Vestfrost’s technological strength combined with manufacturing and distribution of Voltas, will help us offer different and varied products to the Indian market.
Thomas Jørgensen, Sales Director, Vestfrost Solutions, said: “India’s strong growth in the medical infrastructure is an important opportunity for our business. The growth potential of this market is very exciting and we are proud of it. We partnered with Voltas and the Tata Group to provide world-class products to the pharmaceutical industry in India.
In Tuesday morning trade, Voltas Ltd was trading at Rs822.30 per share down Rs1.25 or 0.15% from its previous close of Rs823.55 per share on the BSE.
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