Noida : Jubilant Ingrevia Limited today announced that it has entered into a binding agreement with Zettaone
Technologies India Pvt Ltd. for the acquisition of a 40% strategic stake for
INR 189.2 crore. Following completion of the proposed acquisition, Zettaone
Technologies will become an associate company of Jubilant Ingrevia Limited.
Zettaone Technologies, co-founded by
Harikrishnan, Sureshkumar, Prabu and Arunkumar, is an electronics design and
manufacturing platform with integrated capabilities in electronics/semicon
industry. From R&D, Design and Prototyping, Manufacturing, Assembly and Box Build,
the company delivers
engineering excellence for
Aerospace, Defence, Semi-conductor, Automotive, Medical and Industrial
applications.
Commenting on the acquisition, Shyam S Bhartia, Chairman, Jubilant
Ingrevia Limited and Hari S Bhartia, Co-Chairman & Whole-Time Director,
Jubilant Ingrevia Limited
said, “The proposed investment is aligned with the
Company's Pinnacle growth strategy and provides
a strong platform for its play in Electronics Development and Manufacturing Services (EDMS) space. The transaction will
enable the Company to deliver an integrated value proposition in electronics
and semi-conductor space, leading to long-term and sustainable value creation”.
The
acquisition is proposed
to be completed in two tranches, with the first tranche expected
to close by November 2026 and the second tranche is
expected to close by September 2027.
Commenting on the acquisition, Deepak Jain, Chief Executive
Officer and Managing
Director, Jubilant Ingrevia Limited said, “We are continuously working towards
advancing our strategic priorities and this acquisition is another milestone in
our Pinnacle journey. We have already been expanding into high-precision
semiconductor chemicals through our CDMO business and have made a great
progress in last two years to establish our credibility with several global
customers. The expertise in high-speed and high-power PCB design and
manufacturing of Zettaone Technologies will further anchor our growing
Electronics/Semiconductor business with an integrated value proposition to our
customers”
Harikrishnan Gopal, CEO of Zettaone
Technologies Pvt. Ltd. said, “Over the years, our
team has built lasting relationships through consistency, quality, and a commitment to solving complex
engineering challenges. We are happy to be a part of the Jubilant
Bhartia Group and this development will reinforce our position as a trusted
technology partner for mission-critical electronics solutions in aerospace, defence,
semi-conductor, auto, medical and industrial spaces.”
This acquisition will allow the
Company to capitalize on its proven manufacturing and customer-centric
capabilities in CDMO space, while
further strengthening its engagement with customers across
the electronics and
semiconductor value chain.