Jabra and Innova enter into a strategic partnership by forming a Joint venture in India
Jabra has entered into a strategic joint venture with Innova Telecom Pvt. Ltd (Innova) acquiring an additional 46% of Innova bringing their share to 51%.
Innova has been distributing GN Audio’s flagship brand Jabra in India for over a decade. The new strategic partnership will be named “Jabra Connect India Private Limited” (Jabra Connect) and Rajesh Ghei – current CEO and founder of Innova – will continue to lead this successful company as CEO of Jabra Connect, which has today around 120 employees across 9 offices.
Mark Leigh, President, Asia Pacific, Jabra, said, “The strategic partnership strengthens Jabra’s presence in India and brings us closer to our customers. It is our ambition to become the vendor of choice and this is a step in the right direction on this journey as we look to grow our market shares. Through this partnership we would be able to leverage Jabra’s global strengths, product line up and brand value with Innova’s strong position in this market. We are very excited about seizing this unique opportunity and laying a strong foundation for both our futures. Innova Telecom has had a significant growth rate in the past years. By joining formally with Jabra, we intend to further strengthen their presence by building a true national sales & support network – creating even more value for customers and making Jabra Connect their number one choice.”
Rajesh Ghei, founder of Innova, also believes that this strong strategic partnership will benefit the customers:
“This strategic partnership with Jabra is aligned to our vision of being the largest audio solutions distribution company in India. We believe this joint venture will be a huge catalyst in growth for both the companies through best in class products and innovative customer centric services. This will create immense value for both our customers and colleagues who have been true partners in growth during all these years.” says Rajesh Ghei, CEO, Jabra Connect
@Technuter.com News Service
