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Kaynes Technology Makes Bold Global Move: Acquires August Electronics for CAD 57 Million

Updated: May 07, 2025 17:01

Image Source: Trade Brains
Kaynes Technology India Ltd. has taken a major leap in its international expansion strategy by approving a share purchase agreement to acquire August Electronics through its Canadian subsidiary, Kaynes Canada, for CAD 57 million.
 
Key Highlights:
  • The board of Kaynes Technology India has greenlit the execution of a share purchase agreement, paving the way for the acquisition of August Electronics, a well-established player in the electronics manufacturing sector.
  • The acquisition will be executed by Kaynes Canada, the company’s overseas arm, marking a significant cross-border investment valued at CAD 57 million.
  • This move is set to enhance Kaynes Technology’s global footprint and strengthen its position as an end-to-end electronics solutions provider, with expanded capabilities in conceptual design, process engineering, and integrated manufacturing.
  • August Electronics brings complementary strengths in turnkey electronics manufacturing, which will bolster Kaynes’ offerings in automotive, aerospace, defense, medical, and IoT sectors.
  • The acquisition aligns with Kaynes Technology’s growth vision, enabling access to new markets and customers, while leveraging synergies in technology and operational excellence.
With this acquisition, Kaynes Technology is poised to accelerate its international growth and deliver greater value to stakeholders, reinforcing its status as a global electronics powerhouse.
 
Source: TradingView/Reuters, MarketScreener

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