Basler AG (BSLG,BSL.DE), a German provider of computer cameras, related accessories, software, and others, said on Tuesday that it has signed a deal to acquire a 76% stake in its Indian distribution partner, Alpha TechSys Automation, to expand its product range.
"The remaining 24% will remain with the current owner and founder, as well as the future managing director, for the time being, with the option of a future takeover by the Basler group," Basler said.
Post transaction, Alpha TechSys will operate under the name of Basler India.
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