July 19, 2024
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Merger control approval permits majority stake acquisition in an EMS provider while assessing potential market overlaps and supply chain effects.
The Competition Commission of India has approved Dixon Technologies (India) Limited acquiring up to 56% of Ismartu India Private Limited. The Acquirer is an EMS provider across communication devices, lighting, televisions, appliances, security systems, wearables and hearables, operating through subsidiaries and joint ventures. The Target provides EMS for mobile phones including printed circuit board assembly, LCD module displays, production, assembly, testing, procurement and failure analysis. A detailed CCI order will follow.