Dixon Technologies signs deal to acquire 51% stake in Q Tech India

The deal will provide Dixon Technologies access to advanced technology, high-precision manufacturing capabilities

Dixon Technologies (India) on July 15 said it has inked a binding term sheet to buy a 51 percent stake in Kunshan Q Tech Microelectronics (India), a company statement said.

The acquisition will be executed through primary and secondary investments, the stock filing said. However, the financial details of the deal were not mentioned in the statement.

The deal will provide Dixon Technologies, a home-grown manufacturer of consumer durables and home and electronics goods, access to advanced technology, high-precision manufacturing capabilities and specialised talents, the statement said.

"Dixon and Q Tech Group are pleased to announce the execution of a binding term sheet on July 15, 2025 for the proposed acquisition of an aggregate of 51 per cent shareholding in Q Tech India by Dixon for the purpose of collaboration in manufacturing & supply of camera and fingerprint modules for mobile handsets, internet of things (IoT) systems and automotive applications.

"The proposed acquisition...is subject to signing of definitive agreements, receipt of regulatory approvals, applicable if any, and completion of customary conditions precedent," the filing said.

Q Tech India offers services across IT support, cybersecurity, home automation, and web development.

"Acquiring majority stake in Qtech India is a major step forward in Dixon’s journey foraying into development and production of camera modules and fingerprint recognition modules across mobile handsets, IoT devices and automotive applications, thereby strengthening backward integration plans of the Company," said Atul B Lall, vice chairman and managing director of Dixon Technologies (India).

Dixon shares dropped by 0.5 percent to settle at Rs 15,818.20 apiece on BSE.