Syrma SGS Technology Limited
Incorporated in 2004, Syrma SGS Technology Limited is a Chennai-based engineering and design company engaged in electronics manufacturing services (EMS). The company provides integrated services and solutions to original equipment manufacturers (OEMs) from the initial product concept stage to volume production through concept co-creation and product realization.
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Syrma SGS Tech and Kaga Electronics India form a JV to build an advanced EMS manufacturing facility in India. Syrma will hold 60% with an ~INR 15 Cr initial investment, Kaga 40% with ~INR 10 Cr. This expands Syrma's EMS capabilities, targeting Japanese clients.
Syrma SGS Technology ($SYRMA) has completed the first tranche of its acquisition of Elcome Integrated Systems. The company now holds a 60% stake in Elcome for ₹235 Cr. This strategic move follows the earlier announcement for Elcome to acquire Navicom Technology, which would effectively expand Syrma's overall portfolio and operational...
Syrma SGS is acquiring Elcome Integrated Systems, a defense and maritime equipment manufacturer, for INR 235 Cr initially for a 60% stake, in a multi-tranche cash deal. Elcome will also acquire Navicom. This expands Syrma into new, high-growth defense and maritime markets.
Syrma SGS & Premier Energies will jointly acquire KSolare Energy, a solar inverter manufacturer, for ₹170 Cr. Syrma SGS gets 49% stake for ₹83.3 Cr. This moves Syrma SGS into the fast-growing residential solar segment, leveraging PEL's network and Syrma SGS's manufacturing expertise.
Syrma SGS partners with Elemaster, establishing a joint venture. Syrma invests ~INR 33 Cr for 60% ownership in the JV entity, Elemaster ~INR 22 Cr for 40%. This alliance targets growth in Rail, Industrial, and Medical electronics, leveraging Syrma’s manufacturing with Elemaster’s European OEM ties.