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Dixon Technologies inks deal to acquire 51% stake in Q Tech India
The acquisition, which is subject to regulatory approvals, will be consummated through a combination of primary and secondary investments by Dixon.
The acquisition will help Dixon enhance its capabilities in critical components by gaining access to technology, high precision manufacturing, and a strong talent pool, which will help the company expand into new geographies and contribute to India's component ecosystem.
Comments from Dixon's Lall
"The acquisition aligns with our long-term vision to be a leading enabler in India's electronics manufacturing ecosystem by combining Q Tech's technological expertise with Dixon's manufacturing scale and operational excellence," Lall added. Lall said he is confident that this deal will accelerate technology transfer and enable faster go-to-market solutions.
Dixon shares Q Tech's vision for innovation
'We are delighted to partner with Dixon Technologies, a company that shares our vision for innovation and excellence in the optical components for electronics manufacturing space," said Roy Ho, chairman, Q Tech Group.
"Our combined expertise will help us meet the growing demand for high-precision camera and fingerprint modules. Together, we aim to deliver cutting edge solutions and create long-lasting value for all stakeholders," said Ho.
Earlier this month, Dixon formed a joint venture (JV) 'Lightanium Technologies', with Signify Innovations, the manufacturer of lighting products. The JV is aimed at expanding Dixon's foothold in the lighting segment. The company has a 50 per cent shareholding in the JV with a total investment of ₹2.5 crore.
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