CHITTOOR, INDIA – Amara Raja Electronics has announced the acquisition of a stake in engineering design firm Design Alpha.
The acquisition will position Amara Raja Electronics (AREL) as a fully integrated electronic systems design and manufacturing (ESDM) company, unlocking numerous opportunities in the electronics manufacturing business, the company said in a statement.
Based in Kochi, India, Design Alpha specializes in supporting deep science and engineering development by offering design expertise and services. AREL did not disclose the percentage of shareholding it acquired.
Besides opening doors to partnerships with large multinational corporations and expanding their customer base, the acquisition will also facilitate seamless integration of design and manufacturing processes, along with the provision of value-added services to enhance product performance, efficiency, and reduce time to market, the company said.
"The acquisition will accelerate product development for AREL and allow us to leverage specialist knowledge," said AREL Director Vikramadithya Gourineni.