Concord Control Systems acquires Fusion Electronics for strategic expansion

Concord Control Systems Limited has acquired Fusion Electronics Private Limited, a company with over 31 years of legacy in flex printed circuit board production in India. This acquisition, finalized on October 29, 2025, positions Fusion Electronics as an associate company of Concord Control Systems.

The acquisition will grant Concord Control Systems a 50% shareholding/control in Fusion, encompassing 49,499 equity shares from Mr. Sameer Mehan and 1 equity share from Mr. Nakul Mehan. The target company will continue its focus on the global automotive industry.

This strategic move marks Concord's entry into Flex PCB Manufacturing, a niche product segment with high import dependency in India, and aims for forward integration into SMT, box build, and railway electronics. Fusion Electronics boasts an installed capacity of 200,000 sq. meters annually with a potential revenue of ~₹200 Cr+ at full capacity and EBITDA margins of 20%+. The transaction is expected to be completed within six months, requiring no governmental or regulatory approvals.