Dixon Technologies (India) (Dixon) has entered into a binding term sheet with Kunshan Q Tech Microelectronics (India) (Q Tech India) and Q Technology (Singapore) (Q Tech Singapore) and Kunshan Q Technology International (Q Tech International) for the proposed acquisition of an aggregate of 51% shareholding in Q Tech India by the company for the purposes of collaboration in manufacturing, sale and distribution of camera and fingerprint modules for mobile handsets, internet of things (IoT) systems and automotive applications.
The proposed acquisition will be consummated through a combination of primary and secondary investment by the company, and is subject to signing of definitive agreements, receipt of regulatory approvals and completion of customary conditions precedent.
Dixon Technologies (India) is fully integrated end-to-end product and solution suite to original equipment manufacturers (OEMs) ranging from global sourcing, manufacturing, quality testing and packaging to logistics.
| Company Name | CMP |
|---|---|
| LG Electronics India | 1578.40 |
| Dixon Technologies | 11374.00 |
| IFB Industries | 1116.00 |
| Honeywell Automation | 32808.35 |
| Elin Electronics | 119.75 |
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