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 integrate Infinova's operations, including brand rights, technical assistance, and manufacturing facilities, to build Creative Newtech's own 'Make in India' surveillance technology platform. The acquisition is expected to shift the company from a distribution-led model to a more integrated, technology-led surveillance business. The transaction is subject to due diligence and definitive agreements, with further details to be provided upon completion.