CCI Approves Tata Electronics' 100% Acquisition Of Wistron Infocomm

In a significant development, the Competition Commission of India (CCI) has granted approval for the complete acquisition of Wistron Infocomm Manufacturing (India) by Tata Electronics. The proposed deal involves the acquisition of the entire equity share capital of Wistron Infocomm Manufacturing (India) from SMS Infocomm (Singapore) and Wistron Hong Kong by Tata Electronics, a greenfield venture of Tata Sons. 

Tata Electronics specialises in manufacturing smartphone enclosures, a crucial high-precision component for smartphones.

Wistron Infocomm Manufacturing (India), the target of this acquisition, is a prominent electrical and electronics manufacturing company. It is actively involved in providing electronic manufacturing services, specifically contract manufacturing of electronics for smartphones within India. 

The company operates from its manufacturing plant located in Karnataka, catering to the growing demand for electronic manufacturing services in the country. Established in 2017 under the Wistron group, the target company has been a key player in contributing to the electronics manufacturing ecosystem in India.

The approval from the Competition Commission of India marks a significant milestone in the strategic acquisition, allowing Tata Electronics to strengthen its presence and capabilities in the smartphone industry. 

The greenfield venture is expected to leverage the expertise of Wistron Infocomm Manufacturing (India) to further enhance its position in the electronic manufacturing sector. The move aligns with Tata Electronics' commitment to expanding its footprint in high-precision components for smartphones and contributing to the growth of the electronics manufacturing landscape in India.