{"id":27818,"date":"2022-03-07T16:27:44","date_gmt":"2022-03-07T10:57:44","guid":{"rendered":"https:\/\/tradebrains.in\/features\/biz-volex-inyantra-tech\/"},"modified":"2022-03-07T16:27:44","modified_gmt":"2022-03-07T10:57:44","slug":"biz-volex-inyantra-tech","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/biz-volex-inyantra-tech\/","title":{"rendered":"UK-based Volex acquires majority stake in inYantra Tech in USD 13-mn transaction"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-647562785\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p> New Delhi, Mar 7 (PTI) inYantra Technologies Pvt Ltd, an electronics design and manufacturing services firm, on Monday said UK-based integrated manufacturing-services and power products company Volex plc has acquired a majority stake in it in a transaction totalling USD 13 million (around Rs 100 crore).<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-487465912\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div>\n<p> Volex&#8217;s partnership with inYantra will bring in new verticals and fortified capabilities. It will strengthen focus on two high-growth Indian sectors of medical electronics and electric vehicles (EVs) for inYantra Technologies, the company said in a statement.<\/p>\n<p> The company has entered into &#8220;a decisive strategic partnership&#8221; with Volex plc &#8220;for a transaction totalling USD 13 million&#8221;, inYantra Technologies added.<\/p>\n<p> The association with Volex will also provide access to a global customer base, spread international operating footprint, inYantra added.<\/p><div class=\"trade-content_5\" id=\"trade-2341302008\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div>\n<p> inYantra Chairman Pravin Jain said, &#8220;The strategic alliance with Volex positions us for accelerated growth for the next five years.&#8221; \t He further said, &#8220;We have developed a joint business plan based on the synergies in the existing businesses, as well as a significant expansion of the manufacturing footprint in India, and are targeting multiples of revenue growth by 2027.&#8221; \t Volex Executive Chairman Nat Rothschild said the inYantra transaction offers an excellent strategic opportunity to expand the company&#8217;s global footprint, which is consistent with its strategy, and will bring new and strengthened capabilities in the key Indian market.<\/p>\n<p> &#8220;inYantra&#8217;s existing business, along with the imminent development of a complex cable assembly capability, will improve our customer offering, supporting low-cost manufacturing for existing and new domestic and export customers,&#8221; he added.<\/p>\n<p> Rothschild further said Volex sees a further opportunity to improve inYantra&#8217;s margins by allowing inYantra to leverage the economies of scale from being part of a larger group.<\/p>\n<p> As part of the transaction, the two partners will undertake joint development of complex cable assembly capability through low-cost production for both domestic and export markets, as Volex expands the capabilities at the Pune site by building a new medical and complex industrial technology cable assembly facility, the statement said.<\/p>\n<p> Besides, there will be a stronger and structured focus on the electric vehicle segment, which is one of Volex&#8217;s key business verticals, it added. PTI RKL  HRS hrs<\/p>\n<div class=\"trade-after-content\" id=\"trade-3013727322\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>New Delhi, Mar 7 (PTI) inYantra Technologies Pvt Ltd, an electronics design and manufacturing services firm, on Monday said UK-based integrated manufacturing-services and power products company Volex plc has acquired a majority stake in it in a transaction totalling USD 13 million (around Rs 100 crore). Volex&#8217;s partnership with inYantra will bring in new verticals [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31],"tags":[],"class_list":["post-27818","post","type-post","status-publish","format-standard","hentry","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>UK-based Volex acquires majority stake in inYantra Tech in USD 13-mn transaction - Trade Brains Features<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/biz-volex-inyantra-tech\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"UK-based Volex acquires majority stake in inYantra Tech in USD 13-mn transaction\" \/>\n<meta property=\"og:description\" content=\"New Delhi, Mar 7 (PTI) inYantra Technologies Pvt Ltd, an electronics design and manufacturing services firm, on Monday said UK-based integrated manufacturing-services and power products company Volex plc has acquired a majority stake in it in a transaction totalling USD 13 million (around Rs 100 crore). 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