Syrma SGS, Elemaster 
Dealstreet

Argus Partners acts on Indo-Italian JV between Syrma SGS and Elemaster

The joint venture will serve customers across the railway, industrial, and medical electronics sectors.

Bar & Bench

Syrma SGS Technology Limited has entered into a strategic joint venture with Elemaster S.p.A Tecnologie Elettroniche to establish a dedicated India-focused platform to serve high-reliability customers across the railway, industrial, and medical electronics sectors.

Argus Partners advised Syrma SGS on this joint venture.

The transaction team consisted of Armaan Patkar (Partner), Ishita Agarwal (Senior Associate) and Rohan Lodge (Associate).

Armaan Patkar

Syrma SGS is a leader in electronic system design and manufacturing.

Elemaster is a global leader in electronics design and manufacturing headquartered in Italy.

By bringing together Syrma’s scaled, cost-efficient execution and Elemaster’s design expertise and strong relationships with European OEMs, the joint-venture will unlock new margin-accretive opportunities, increase share-of-wallet with global accounts, and further advance the “Make in India” solutions into critical, high-growth end-markets.

This joint venture reinforces Syrma’s vision of positioning India as a trusted hub for advanced, high-tech manufacturing while creating long-term value for customers and stakeholders.

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