Dixon Technologies (India) announced on July 15 that it has signed a binding term sheet to acquire a 51 percent stake in Kunshan Q Tech Microelectronics (India), according to an official company statement.
The acquisition will take place through a mix of primary and secondary investments. However, the company has not disclosed the financial terms of the transaction.
This move is expected to give Dixon Technologies access to advanced technology, high-precision manufacturing capabilities, and specialized talent. Dixon is a well-known domestic manufacturer of consumer durables, electronics, and home appliances.
“Dixon and Q Tech Group are pleased to announce the execution of a binding term sheet on July 15, 2025 for the proposed acquisition of an aggregate of 51 per cent shareholding in Q Tech India by Dixon for the purpose of collaboration in manufacturing & supply of camera and fingerprint modules for mobile handsets, internet of things (IoT) systems and automotive applications,” the statement said.
The company clarified that the acquisition is still subject to the signing of final agreements, regulatory approvals (if any), and completion of other standard conditions. Q Tech India provides services in IT support, cybersecurity, home automation, and web development.
Speaking on the development, Atul B Lall, Vice Chairman and Managing Director of Dixon Technologies, said, “Acquiring majority stake in Qtech India is a major step forward in Dixon’s journey foraying into development and production of camera modules and fingerprint recognition modules across mobile handsets, IoT devices and automotive applications, thereby strengthening backward integration plans of the Company.”
Following the announcement, shares of Dixon Technologies declined by 0.5 percent, ending at ₹15,818.20 per share on the BSE.
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