Jubilant Ingrevia has entered into a binding agreement to acquire a 40% strategic equity stake in Zettaone Technologies India Pvt. Ltd. for ₹189.2 crore. This move aligns with the company’s growth strategy in the Electronics Development and Manufacturing Services (EDMS) space, aiming to create integrated value propositions in the electronics and semiconductor sectors.
Strategic Acquisition in EDMS Space
Jubilant Ingrevia Limited announced today its entry into a binding agreement to acquire a 40% strategic equity stake in Zettaone Technologies India Private Limited. The total consideration for this acquisition is approximately ₹189.2 crore. Upon completion, Zettaone Technologies will become an associate company of Jubilant Ingrevia.
Expansion into Electronics and Semiconductors
This investment is a key step in Jubilant Ingrevia’s ‘Pinnacle’ growth strategy, providing a robust platform for its expansion into the Electronics Development and Manufacturing Services (EDMS) sector. The acquisition is expected to enable the company to offer an integrated value proposition in the electronics and semiconductor space, fostering long-term value creation.
Deal Rationale and Synergies
Zettaone Technologies specializes in electronics design and manufacturing, offering end-to-end solutions from R&D to production. This expertise, particularly in high-speed and high-power PCB design and manufacturing, is expected to complement Jubilant Ingrevia’s existing capabilities in the CDMO (Contract Development and Manufacturing Organisation) space. The company anticipates leveraging Zettaone’s strengths to further enhance its offerings to customers across the electronics and semiconductor value chain.
Transaction Details and Timeline
The acquisition is planned to be completed in two tranches. The first tranche is anticipated to close by November 2026, with the second tranche expected to close by September 2027. The nature of consideration is cash. The cost of acquisition is approximately ₹189.2 crore.
About Zettaone Technologies
Zettaone Technologies is a privately held deep-tech company focused on engineering and manufacturing solutions for industries including Aerospace, Defence, Semi-conductor, Automotive, Medical, and Industrial applications. The company has a history of developing complex electronic products and has reported turnovers of ₹98.1 crore for FY 25-26, ₹79.1 crore for FY 24-25, and ₹51.1 crore for FY 23-24.
About Jubilant Ingrevia Limited
Jubilant Ingrevia Limited is a global player in Specialty Chemicals and CDMO, serving various sectors like Pharmaceutical, Nutrition, Agrochemical, Consumer, Semiconductor, and Industrial customers. With over 45 years of experience in the chemicals industry, the company offers a diverse portfolio and custom solutions.
Source: BSE
