Tata Electronics Private Limited has acquired a controlling 60 per cent stake in Pegatron’s India unit (Pegatron Technology India Private Limited) (PTI), which operates an iPhone plant, bolstering its position as an Apple supplier in a rapidly growing market.
However, Tata Electronics did not reveal financial terms of the deal.
As part of this deal, Tata Electronics and Pegatron will also work on integrating their teams to work seamlessly. Pegatron will undergo rebranding to reflect its new ownership structure and business direction while continuing to deliver electronics manufacturing services.
