Concord Control Systems Ltd acquires Fusion Electronics, Stepping Into High-Value Electronics Manufacturing

Concord Control Systems Limited (BSE: CNCRD), India's leading manufacturer of embedded electronic systems and critical electronic solutions company, announced today the acquisition of Fusion Electronics Private Limited, marking a strategic leap into India's high-value electronic manufacturing sector.

Fusion Electronics is recognized as India's largest manufacturer of flex PCBs, boasting an installed capacity of 200,000 square meters annually and a revenue potential ~ ₹200 crore at full capacity. Fusion Electronics, incorporated in 1994 demonstrates strong profitability potential with EBITDA margins over 20%. Its manufacturing portfolio includes flex roll-to-roll, rigid panel, and flex panel processing, catering to marquee clients in luxury automotive, industrial, and electronics sectors globally.

This acquisition strategically positions Concord Control Systems to enter the niche and highvalue flex printed circuit boards (PCB) manufacturing segment, which currently has limited competition but substantial import dependency in India. This move leverages Concord's core strengths in engineering precision and manufacturing excellence, emphasizing high-margin, import-substitution products.

Mr. Gaurav Lath, Joint Managing Director, Concord Control Systems, said, "This acquisition is a landmark step towards our vision of becoming a global EMS leader. Fusion's technical expertise, global client portfolio, and advanced infrastructure perfectly align with our ambitions. With this integration, Concord will deliver unmatched quality, faster innovation, and an expanded product portfolio across railway and industrial electronics."

Additionally, the acquisition also aligns with Concord's broader vision to build India's most advanced Electronics Manufacturing Services (EMS) and Railway ecosystem-powering innovation, self-reliance, and growth. Notably, Concord aims to deepen partnerships with railway industry leaders through integrated electronics offerings.

The roadmap ahead includes full commercialisation of the Lucknow facility before year-end 2025, followed by a 2× capacity expansion over three years. Concord plans forward integration into Surface Mount Technology (SMT), box build, and railway electronics, creating a standalone, high-value EMS platform serving strategic sectors.

Shares of Concord Control Systems Limited was last trading in BSE at Rs. 1892.45 as compared to the previous close of Rs. 1774.00. The total number of shares traded during the day was 31600 in over 113 trades.

The stock hit an intraday high of Rs. 1900.00 and intraday low of 1780.00. The net turnover during the day was Rs. 58133980.00.

Source : Equity Bulls

Keywords

ConcordControlSystems INE0N0J01014 IndustrialProducts Acquisition FusionElectronics