Acquisitions30 Oct 2025, 03:39 pm
Concord Control Systems Acquires Fusion Electronics, Enters High-Value Electronics Manufacturing
AI Summary
Concord Control Systems Limited has acquired Fusion Electronics Private Limited, marking a strategic leap into India’s high-value electronic manufacturing sector. Fusion Electronics is recognized as India’s largest manufacturer of flex PCBs with an installed capacity of 200,000 square meters annually and a revenue potential of ~ 3200 crore at full capacity. This acquisition strategically positions Concord Control Systems to enter the niche and high-value flex printed circuit boards (PCB) manufacturing segment, with a roadmap to full commercialisation of the Lucknow facility before year-end 2025 and a 2x capacity expansion over three years.
Key Highlights
- Concord Control Systems Limited acquires Fusion Electronics Private Limited
- Acquisition marks a strategic entry into India’s high-value electronic manufacturing sector
- Fusion Electronics is India’s largest manufacturer of flex PCBs with strong profitability potential
- Acquisition aligns with Concord’s vision to build India’s most advanced Electronics Manufacturing Services (EMS) and Railway ecosystem
- Concord plans forward integration into Surface Mount Technology (SMT), box build, and railway electronics