Kaynes Technology arm inks pact to acquire assets from Fujitsu General Electronics

Semiconductor manufacturing company Kaynes Technology India Ltd on Tuesday (June 10) said its wholly-owned subsidiary, Kaynes Semicon Private Ltd, has entered into an asset purchase agreement with Fujitsu General Electronics Limited, Japan.

"...we hereby inform you that Kaynes Semicon Private Ltd (Kaynes Semicon), a Wholly Owned Subsidiary Company of Kaynes Technology India Ltd (Kaynes or Company) has entered into an Asset Purchase Agreement with Fujitsu General Electronics Ltd (Fujitsu Electronics), Iwate, Japan for the acquisition of the identified assets on June 09, 2025, subject to the satisfaction of customary closing conditions," the company said in a stock exchange filing.

The agreement, signed on June 9, 2025, involves the acquisition of identified assets, including production lines for power modules, for a consideration of 1.59 billion yen.

Also Read: Fujitsu General to divest power modules business to L&T Semiconductor for $12.8 mln

This acquisition is expected to bolster Kaynes Technology's presence in the semiconductor industry, particularly in the power module segment. The transaction is subject to customary closing conditions and is expected to have no impact on the management or control of Kaynes Technology India Limited.

As a wholly-owned subsidiary of Kaynes Technology India, Kaynes Semicon will integrate the acquired assets into its operations. The transaction does not fall within the ambit of related party transactions, ensuring a smooth and transparent acquisition process.

Shares of Kaynes Technology India Ltd ended at ₹5,587.05, down by ₹65.70, or 1.16%, on the BSE.

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