Pace Digitek Secures OEM Exclusivity Agreement with NEC XON for African Markets
Pace Digitek Ltd announced the execution of an Original Equipment Manufacturer Exclusivity Agreement with NEC XON Systems Proprietary Limited. The deal grants NEC XON exclusive rights to market, distribute, and sell Pace Digitek's energy products across several defined African territories.The agreement was finalized on April 22, 2026, establishing NEC XON as the exclusive partner for the company's product line, which includes Battery Energy Storage Systems (BESS) and various other related energy solutions. The exclusive geographical scope covers South Africa, Botswana, Mozambique, Namibia, and Mauritius.
In terms of commercial arrangements, the agreement is noted to be governed by the commercial terms of the Original Equipment Manufacturer Exclusivity Agreement. The transaction was confirmed as an international deal, involving an international entity.
The details of the executed agreement provide clarity on the structural terms:
| Particulars | Details |
|---|---|
| Partner Entity | NEC XON Systems Proprietary Limited (NEC XON) |
| Scope of Rights | Exclusive rights to market, distribute, and sell BESS and related energy solutions |
| Territories | South Africa, Botswana, Mozambique, Namibia, and Mauritius |
| Company Stake | Nil |
| Relationship with Promoters | None |
| Related Party Transaction | No |
Pace Digitek Ltd, which was formerly known as Pace Digitek Private Limited and Pace Digitek Infra Private Limited, confirmed that the partnership with NEC XON does not constitute a related party transaction and that the company holds no shareholding in the partner entity.
PACEDIGITK Stock Price Movement
Today, Pace Digitek Limited shares rallied by 1.89% to close at ₹176.30. The stock saw robust trading throughout the session, with over 2.08 million shares changing hands.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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