Syrma Technology, SGS Tekniks announce merger

By OEM Update Editorial December 7, 2020 2:18 pm

Syrma Technology and SGS Tekniks – leaders in electronic design and manufacturing services for global and domestic OEMs, announced a definitive merger agreement. The cash cum stock merger will see the creation of Syrma SGS Technologies Pvt. Ltd. with a combined turnover of over Rs.1,000 crore, with 55% revenues coming from exports primarily to USA and Europe. The deal was supported through a Private Equity investment by GEF.

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