S&R Associates has advised US vehicle parts manufacturer Dana Holding Corporation on an agreement to license its heat exchange technology to Victor Reinz India. Victor Reinz is Dana’s joint venture in India with the Jayant Group.
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Victor Reinz India, which has been producing gaskets and heat shields for automotive customers in India since 2009, will now produce engine, transmission and power steering oil and fuel coolers.
Dwayne Matthews, the president of Dana Power Technologies, said the agreement was “the next logical step to meet the rising demand for high-quality thermal solutions in India.”
The deal is subject to customary closing conditions and expected to be complete within two months.
The S&R Associates’ team that worked on the deal consisted of partners Rajat Sethi and Juhi Singh and associates Radhika Iyer and Radhika Agrawal.
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