After Wistron, Tata Electronics Acquires Controlling Stake In Apple-Supplier Pegatron India; Plans Major Rebranding

Tata Electronics Private Limited (TEPL) on Saturday (24 January) announced its acquisition of a controlling 60 per cent stake in Pegatron Technology India Private Limited (PTI), Moneycontrol reported.

This development comes less than a year after Tata Electronics acquired Wistron’s India operations, located in Narsapura, Karnataka, in March 2024.

Tata Electronics stated that the acquisition aligns with "Tata Sons’ Chairman N Chandrasekaran’s vision of significant investments by the Tata Group in electronics manufacturing."

The company highlighted that the deal involves acquiring a majority stake in PTI, along with plans for TEPL and PTI to integrate their teams for seamless operations.

PTI will also undergo rebranding to reflect its new ownership and business direction while maintaining its focus on delivering high-quality electronics manufacturing services.

According to Tata Electronics, this move reinforces TEPL’s standing as a prominent player in the Indian electronics manufacturing industry.

Pegatron India, a subsidiary of the Taiwanese firm Pegatron Corporation, specialises in providing electronics manufacturing services (EMS) to major global companies such as Apple, with exports spanning North America, Asia, and Europe.

"The acquisition of a majority stake in Pegatron Technology India Private Limited fits into Tata Electronics’ strategy of growing our manufacturing footprint. We look forward to a new era of AI, digital, and technology-led manufacturing as we bring up these new facilities and expand our operations in India," said Randhir Thakur, CEO & MD of Tata Electronics.

A wholly-owned subsidiary of Tata Sons, TEPL specialises in manufacturing high-precision components for major clients.

Through Tata Electronics Systems Solutions (formerly Wistron Infocomm Manufacturing India), TEPL also provides electronics manufacturing services (EMS) for smartphones.

In April 2024, Tata Electronics was in discussion with Pegatron to acquire a majority stake in its Indian factory.

In November 2023, Tata Electronics acquired the iPhone manufacturing unit of Taiwanese company Wistron in Bangalore for $125 million.

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