Announcement Under Regulation 30 (LODR) for acquisition of Fusion Electronics Pvt Ltd
Price
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Concord Control Systems has signed a Share Purchase Agreement to acquire 50% equity shares of Fusion Electronics Private Limited, making it an Associate Company. The deal was approved by Concord's board on October 29, 2025, with cash consideration (price kept confidential). Fusion has over 31 years of legacy in flex printed circuit board (PCB) manufacturing, based in Lucknow, with an installed capacity of 2,00,000 sq. meters annually and a revenue potential of around ₹200 crore at full capacity. The acquisition gives Concord entry into the niche flex PCB segment, with plans to commercialize the Lucknow facility by year-end and expand into SMT, box build, and railway electronics over the next 3 years. Notably, Fusion reported nil turnover in the last three financial years, indicating a turnaround opportunity. No related party issues or regulatory approvals are involved, and the transaction is expected to close within six months.
This is a strategic acquisition that diversifies Concord into high-value electronics manufacturing (flex PCBs and railway electronics), potentially unlocking significant revenue and margin upside. However, the target has had zero revenue for three years, so execution risk is high and near-term impact on financials may be limited. Shareholders should watch for commercial ramp-up and any future price disclosures.