Saturday, May 18, 2024
Outlook.com
Outlook India
Outlook Business

Amara Raja Electronics Acquires Stake In Design Alpha

The acquisition will position Amara Raja Electronics Ltd AREL as a fully integrated electronic systems design and manufacturing (ESDM) company, unlocking numerous opportunities in the electronics manufacturing business

Amara Raja Electronics Acquires Stake In Design Alpha

Press Trust Of India

POSTED ON July 07, 2023 10:08 AM

Amara Raja Electronics Ltd on Thursday said it has acquired a stake in engineering design firm Design Alpha.
    
The acquisition will position Amara Raja Electronics Ltd  AREL as a fully integrated electronic systems design and manufacturing (ESDM) company, unlocking numerous opportunities in the electronics manufacturing business, the company said in a statement without disclosing the percentage of shareholding it acquired.
    
"By acquiring Design Alpha, AREL will gain access to expertise in industrial design, embedded and mixed-signal electronics, power electronics, optical and photonics, firmware, and mechanical designs," it added.
    
Besides opening doors to partnerships with large multinational corporations and expanding their customer base, the acquisition will also facilitate seamless integration of design and manufacturing processes, along with the provision of value-added services to enhance product performance, and efficiency, and reduce time to market, the company said.
    
"The acquisition will accelerate product development for AREL and allow us to leverage specialist knowledge," AREL Director Vikramadithya Gourineni said.
 

  • Related Articles

    The funding came three months after the company bagged $6 million from Lightspeed

    OfficeBanao Raises Angel Investment from  Ajit Mohan, Ramesh Nair And Apurva Chamaria

    The report reveals that the Indian start-up ecosystem faced a challenging first half of 2023 as funding experienced a significant decline

    Tracxn Geo Semi-Annual Report: Funding In Indian Start-Up Ecosystem Declines by 24% In H1 2023

    The latest innovation aims to transform the work processes and streamline daily activities with a simplified and efficient experience for over 1.5 lakh home-building professionals in the country

    Mistry.Store Launches AI Tool Buildi