Dixon Forms JV With Taiwan's Inventec To Make PC Products In India

Homegrown electronics manufacturer Dixon Technologies has entered into a joint venture (JV) with Taiwan-based manufacturing company Inventec Corporation to make notebook and desktop PC products, including components and servers in India.

“The arrangement is in line with the strategy of the company to grow in this business segment and to achieve strategic goals and expansion of business,” Dixon said in an exchange filing.

As per the JV agreement, the company will set up a wholly-owned subsidiary named Dixon IT Devices Private Limited, where Dixon will own 60% of the total issued and paid up share capital and the remaining 40% will be owned by Inventec on a fully diluted basis.

On grounds of financial terms of the deal, the filing mentioned that no consideration has been exchanged between the parties.

Shares of Dixon closed about 1% lower at INR 16,481.70 apiece on the BSE yesterday.

The development comes days after reports surfaced that (ECMS), where it has started working on a project for display modules and is now looking at manufacturing components like camera modules, mechanical enclosures and lithium ion batteries.

(The story will be updated soon.)

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