Tata Electronics gets CCI’s green signal for acquisition of iPhone supplier Wistron infocomm

24 Jan 2024 , 09:46 PM

The Competition Commission of India (CCI) has approved the Tata Electronics-Wistron merger. Tata Electronics Private Limited proposes to acquire Wistron Infocomm Manufacturing (India) Private Limited’s whole equity share capital.

The equity shares will be bought from SMS Infocomm (Singapore) Private Limited and Wistron Hong Kong Limited.

Tata Electronics Private Limited (Acquirer) proposes to acquire 100% of the equity share capital of Wistron Infocomm Manufacturing (India) Private Limited (Target) from SMS Infocomm (Singapore) Private Limited and Wistron Hong Kong Limited.

Tata Sons Private Limited has launched a greenfield enterprise called The Acquirer. It creates smartphone enclosures (i.e., the phone’s frame on which other smartphone components/subassembles are constructed), a high precision smartphone component,’ according to CCI.

Target is an electrical and electronics manufacturing firm that provides electronic manufacturing services (i.e., contract manufacture of electronics) for smartphones in India through its factory in Karnataka. It was founded in 2017 by the Wistron group,’ it added.

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