Kaynes Technology India Limited is a prominent provider of Electronics Manufacturing Services (EMS) in India. The firm focuses on delivering complete design and manufacturing solutions across multiple sectors, such as automotive, aerospace, defence, industrial, medical, and information technology.
On Tuesday, December 3, 2024 Kaynes Technology India Ltd announced that its wholly owned subsidiary, Kaynes Holdings Pte Ltd, has purchased a 54% stake in Sensonic GmbH, an Austrian company, through a share subscription.
This acquisition bolsters Kaynes Technology’s standing as an innovation-focused firm and broadens its reach in the global infrastructure technology sector. Following the receipt of regulatory approvals, the transaction highlights Kaynes Technology’s dedication to developing smart and sustainable solutions for infrastructure monitoring and management.
This acquisition combines the strengths of Kaynes Technology and Sensonic, offering exceptional technological solutions to customers across the globe. The partnership merges Sensonic’s advanced fibre optic sensing technologies with Kaynes Technology’s established reputation for manufacturing excellence and innovation in the Internet of Things (IoT).
Ramesh Kunhikannan, Managing Director of Kaynes Technology, expressed, “The state-of-the-art applications from Sensonic fit perfectly with our goal of providing transformative innovation that drives progress.”
Sensonic, based in Austria, offers advanced solutions for railway safety and efficiency. Their applications include track condition monitoring, landslide detection, and security improvements, all driven by artificial intelligence and machine learning.
As of December 04, 2024, 10:47 AM on the NSE, the share price of Kaynes Technology stood at ₹6,202.65. During the day, it has seen a low of ₹6,190.25 per share.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.
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