Kaynes Technology to acquire Canada-based EMS provider August Electronics
Kaynes Technology India Limited, a key player in the Electronics System Design & Manufacturing (ESDM) sector, has entered into definitive agreements to acquire 100% of August Electronics Inc., a Canadian electronics manufacturing services (EMS) provider headquartered in Calgary, Alberta. The acquisition will be carried out through Kaynes' wholly owned step-down subsidiary, Kaynes Canada Limited.
This move supports Kaynes Technology's strategic goal of expanding its presence in North America. By integrating localized manufacturing and enhancing supply chain responsiveness, the company aims to strengthen its global operational capabilities.
August Electronics has more than three decades of experience delivering EMS solutions. The company operates across multiple sectors, including industrial automation, high-tech electronics, medical devices, and energy. Its Calgary-based facility, staffed by a skilled workforce, serves high-margin clients in these sectors.
The acquisition is expected to increase Kaynes' market share in the Canadian EMS industry. August Electronics will continue to operate under its current leadership to maintain stability for its existing customers and workforce.
The transaction is slated to close by the end of May 2025, pending standard regulatory approvals. NC Partners acted as the exclusive financial advisor to Kaynes Technology for this acquisition.
Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at BusinessUpturn.com
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