Creative Newtech to acquire 100% of Infinova India for up to USD 4 Million
CNL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Board approved acquiring 100% of Infinova (India) Private Limited, a Pune-based electronic security and video surveillance firm part of the Infinova Global Group. Budget is up to USD 4 Million in cash. Deal includes exclusive India brand rights, a Pune assembly and manufacturing unit, experienced team, and product portfolio of IP cameras, video management software and AI solutions. Move supports the Make in India strategy and shifts Creative Newtech from a distribution-led model to an integrated surveillance technology platform. Subject to due diligence, definitive agreements and approvals.
Strategic move into surveillance manufacturing could improve margins and capabilities, but deal size is modest and remains subject to closing conditions and due diligence.