New Delhi: In a significant development, the Competition Commission of India (CCI) has granted approval for the 100% acquisition of Wistron Infocomm Manufacturing (India) Private Limited by Tata Electronics Private Limited. The proposed acquisition involves the complete equity share capital of Wistron Infocomm Manufacturing (India) Private Limited, marking a strategic move in the competitive landscape of electronics manufacturing in the country.
Tata Electronics Private Limited, the acquiring entity, is a greenfield venture under the umbrella of Tata Sons Private Limited. Specializing in the production of smartphone enclosures, it plays a crucial role in manufacturing high-precision components that form the frame of smartphones.
On the other hand, Wistron Infocomm Manufacturing (India) Private Limited, the target company, is an established player in the electrical and electronics manufacturing sector. It is actively involved in electronic manufacturing services, particularly contract manufacturing of electronics for smartphones within India. The company operates from its manufacturing plant located in Karnataka, contributing significantly to the growth of the electronics manufacturing ecosystem in the country.
The acquisition involves the purchase of the entire equity share capital of Wistron Infocomm Manufacturing (India) Private Limited from SMS Infocomm (Singapore) Private Limited and Wistron Hong Kong Limited by Tata Electronics Private Limited.
This strategic move is poised to enhance Tata Electronics’ presence in the electronics manufacturing segment, particularly in the realm of smartphone components. The CCI’s approval signifies a positive step forward in fostering growth and competition within the electronics manufacturing industry in India. As the demand for electronic devices continues to rise, this acquisition is expected to contribute to the overall development of the sector and strengthen the country’s position in the global electronics market.