Mumbai, Sept. 4 -- The JV will serve customers across geographies in sectors including health care & life sciences, test & measurement, rail and other industrial verticals.

As an electronics and mechatronics service provider, Zollner Elektronik AG is the leading provider in the field of EMS in Europe. Established in 1965 as a one-man operation, the family-owned company has developed through organic growth into a global player with over 12,500 employees at 26 locations worldwide, and is among the most eminent international EMS providers.

Under the terms of the arrangement, Zollner will initially hold 51% and Avalon will hold 49% of the JV.

Beginning three years after the start of commercial production at the JV's manufacturing facility,...