Concord Control Systems to Acquire Fusion Electronics: A Strategic Leap into High-Value Manufacturing
Concord Control Systems Limited has executed a Share Purchase Agreement to acquire Fusion Electronics Private Limited. The acquisition will make Fusion an Associate Company of Concord. Fusion has a 31-year legacy in the production of flex printed circuit boards in India, focusing on the global automotive industry. The acquisition is expected to be completed within six months, with Concord acquiring 50% shareholding/control. The transaction aims to leverage Concord’s core strengths in engineering precision, manufacturing excellence, and a focus on high-margin, import-substitution products. The acquisition will also allow Concord to enter a niche, high-value product segment with limited competition but large import dependency in India.
Key Highlights
- Concord to acquire Fusion Electronics, a 31-year-old Indian company specializing in flex printed circuit boards for the global automotive industry.
- Fusion to become an Associate Company of Concord post-acquisition.
- The acquisition is expected to be completed within six months, with Concord acquiring 50% shareholding/control.
- The transaction aims to leverage Concord’s core strengths in engineering precision, manufacturing excellence, and a focus on high-margin, import-substitution products.
- The acquisition will allow Concord to enter a niche, high-value product segment with limited competition but large import dependency in India.