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Dixon Technologies shares were up nearly 2% after it inked a deal to acquire a 51% stake in Q Tech India from its parent company Q Technology Company Limited.
Q Tech India produces high-tech components, cameras and fingerprint sensors that power everything from phones and IoT gadgets to cars.
What’s happening: the deal will help Dixon enhance its capabilities in critical components by gaining access to technology, high precision manufacturing, and a strong talent pool.
Why it matters: the partnership aims to boost manufacturing, sale and distribution of camera and fingerprint modules for mobile handsets, internet of things and automotive applications.
Zoom out: as India ramps up its efforts to become a global electronics manufacturing hub under the Production Linked Incentive scheme, Dixon’s acquisition reflects a broader trend of Indian players strengthening their upstream supply chains.
