Electronics Giant Amber Enterprises Makes Bold Move: Acquires Majority Stake in PCB Maker Shogini Technoarts!

Author

Simar Singh | Whalesbook News Team

Detailed Coverage:

Amber Enterprises India Ltd. is significantly expanding its capabilities in the electronics manufacturing services (EMS) sector through a strategic majority stake acquisition in Shogini Technoarts. This deal, executed by Amber's subsidiary IL JIN Electronics, aims to harness Shogini's established expertise in producing a wide array of Printed Circuit Boards (PCBs), including single-sided, double-sided, multi-layer, metal clad, and flex PCBs. The partnership is intended to enhance manufacturing solutions for marquee customers across automotive, power electronics, telecom, medical, industrial, and LED lighting sectors.

Impact This acquisition is a crucial step in Amber Group's strategy to become a leading, fully backward-integrated EMS provider in India. It complements Amber's ongoing investments in PCB manufacturing, such as its multi-layer PCB plant in Hosur (Rs 990 crore investment) and its joint venture with Korea Circuits for high-density interface (HDI) PCBs in Jewar (over Rs 3,200 crore investment). By strengthening its bare PCB vertical, Amber aims to solidify its position as a major PCB manufacturer domestically, further supported by government approvals under the electronics components manufacturing scheme. This move enhances Amber's competitive edge and revenue potential in the growing electronics components market. Rating: 7/10.

Glossary: Printed Circuit Board (PCB): A board used to mechanically support and electrically connect electronic components using conductive pathways, tracks, or signal traces etched from copper sheets laminated onto a non-conductive substrate. Joint Venture: A business arrangement where two or more parties agree to pool their resources for the purpose of accomplishing a specific task. This task can be a new project or any other business activity.