IMAP India is pleased to announce the successful closure of a strategic transaction wherein Veka AG, the world’s largest manufacturer of UPVC profiles, has acquired the remaining equity stake in NCL Veka from NCL Group, completing its full ownership of the joint venture. This transaction marks the culmination of a long-standing partnership and Veka’s continued commitment to the Indian market.
NCL Group, headquartered in Hyderabad, is a well-established manufacturer of building materials including doors, windows, coatings, and construction chemicals. With growing demand for UPVC profiles in India, NCL was keen to bring in a global partner to support its next phase of growth with enhanced product design, technology, and operational capabilities.
Veka AG, based in Germany, is the global leader in UPVC profile extrusion. With operations across Europe, the Americas, and Asia, Veka has identified India as a high-growth strategic market. This acquisition reinforces Veka’s long-term commitment to building scale and local relevance in one of the world’s fastest-growing construction economies.
IMAP India, acting as exclusive advisor to NCL Group, played a key role in managing the complete exit process. With support from IMAP Germany, IMAP India facilitated strategic discussions, aligned stakeholders, and ensured a smooth and timely closure. Given the strong growth outlook for the Indian market, NCL was keen to capitalise on the opportunity by partnering with a global player offering advanced design and technology expertise. IMAP India identified Veka AG as the right strategic partner to take the business forward and deliver long-term value.
This marks yet another successful cross-border transaction facilitated by IMAP India, reinforcing its position as a leading advisor in the building materials and manufacturing sectors
