Dixon to acquire 51 percent stake in Q Tech’s India business
Dixon Technologies, the leading electronics manufacturer, has entered into a binding agreement with Singapore’s Q Tech group to acquire a 51 percent stake in its India business. The company is looking to expand its camera and fingerprint module manufacturing business through the proposed majority acquisition of Q Tech India.
In an exchange filing, Dixon Technologies said that it will carry out the acquisition via a combination of primary and secondary investments. The total amount of the transaction hasn’t been disclosed by the company.
