Tata Electronics acquires 60% stake in Pegatron India

Tata Electronics acquires 60% stake in Pegatron Technology India

Tata Electronics Private Limited (TEPL) has on January 24 announced the acquisition of a controlling 60% stake in Pegatron Technology India Private Limited (PTI). This follows Tata Electronics’ acquisition of Wistron’s India operations (based in Narsapura, Karnataka) less than a year ago in March 2024. The company said the latest acquisition furthers "Tata Sons’ Chairman N Chandrasekaran’s vision of significant investments by the Tata Group in electronics manufacturing".

"As part of this deal, in addition to acquiring a majority stake in PTI, TEPL and PTI will work on integrating their teams to work seamlessly. PTI will undergo rebranding to reflect its new ownership structure and business direction while continuing to deliver high-quality electronics manufacturing services. This acquisition solidifies TEPL’s position as a key player in the Indian electronics manufacturing sector," said the Tata company.

Pegatron India, a subsidiary of Taiwanese company Pegatron Corporation, provides electronics manufacturing services (EMS) to global giants like Apple and exports products across North America, Asia, and Europe.

Randhir Thakur, CEO & MD of Tata Electronics, said, "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."

TEPL is a wholly-owned subsidiary of Tata Sons. TEPL have expertise in manufacturing high-precision components for large customers.

TEPL, through Tata Electronics Systems Solutions (formerly known as Wistron Infocomm Manufacturing (India), is also engaged in the provision of electronics manufacturing services (EMS) for smartphones.

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

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