M&A

M&A

Amber Enterprises to acquire majority stake in PCB maker Shogini Technoarts

Press Release   Economic Times  

Gurugram-based, publicly listed consumer durables manufacturer Amber Enterprises, through its subsidiary IL JIN Electronics, is to acquire a majority stake in Pune-based Shogini Technoarts.Shogini is a prominent maker of printed circuit boards (PCBs), producing single-sided, double-sided, multi-layers, metal clad, and flex PCBs from its manufacturing facility. The company serves a diverse range of sectors, including automotive, power electronics, telecom, medical electronics, industrial electronics, computer peripherals, and LED lighting.This partnership is expected to strengthen Amber Group's bare PCB vertical, supporting its objective to become a full-stack, backward-integrated Electronic Manufacturing Services (EMS) company.