Syrma SGS Technology Limited has entered into a strategic joint venture with Kaga Electronics India Private Limited, the Indian subsidiary of Japan's Kaga Electronics Co. Ltd.
Argus Partners advised Syrma SGS on this joint venture.
The transaction team consisted of Abhinav Bhalaik (Partner), Aayush Kumar (Partner) and Paridhi Rastogi (Associate).
Last year, Argus Partner had advised Syrma SGS on establishing joint ventures with Italy's Elemaster and South Korea's Shinhyup Electronics.
Kaga Electronics India is engaged in the production and distribution of electronic components for in-car devices, air-conditioning equipment, and home appliances.
As part of the joint venture, Syrma SGS will hold a 60% stake in the joint venture company, with the remaining stake to be held by the Indian arm of Kaga Electronics. The joint venture company will establish, develop and operate a technologically advanced, state-of-the-art electronics manufacturing services facility in India focusing on Japanese clients.
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