Evolis would like to announce the creation of Evolis India, following completion of the deal to acquire Rajpurohit Cardtec, a long-term Evolis distributor in India.
A strategic acquisition
This new acquisition is part of our vertical integration strategy, intended to increase the capacity for group participation in a high-potential market.
Founded in 1985, Rajpurohit Cardtec Ltd became a key actor in the Indian market for personalized card technology solutions, recording a turnover of 497 million rupees, i.e. €6.9 million in 2012-13.
The creation of Evolis India will allow the technical, marketing, and commercial expertise of Rajpurohit Cardtec Ltd to be improved, in order to build its capacity to respond to the needs of purchasers.
The integration of Rajpurohit Cardtec Ltd increases the Evolis Group staff to 255 employees.