VXL Instruments has sold its Property situated in Electronic City, West Phase, Konappana Agrahara Grama Panchayat, Bengaluru South Taluk in Bengaluru to Methode Electronics India. The land & building which the company has sold was developed for a different product era which was being manufactured by the company.
These products required substantially more manpower & space. These products had to be phased out due to changes in the technology / international market. The current business model comprises products which require less space for manufacture and more space for product and software design and development. These require much less space as against Land and Building which has been sold.
VXL Instruments is into the business of manufacturing terminals and Thin Client products for nearly three decades. The company is a leading global vendor of thin client devices and terminals.