Creative Newtech to Acquire Infinova India for Up to $4M

Creative Newtech Limited announced its Board of Directors has approved the proposed acquisition of 100% equity share capital of Infinova (India) Private Limited for a budget of up to USD 4.00 Million. This strategic move aims to build a 'Make in India' surveillance technology platform, integrating Infinova's Indian operations, brand rights, team, and manufacturing facility. The acquisition is expected to transition Creative Newtech from a distribution-led model to a more integrated, technology-led surveillance business. The transaction is subject to due diligence, approvals, and definitive agreements. Infinova India is involved in the assembly, manufacturing, and servicing of electronic security and video-surveillance products.