Hind Rectifiers Ltd (Hirect) has acquired BeLink Solutions, a France-based robotics, EMS (electronics manufacturing services) and electronics R&D company with 38 years of experience in the electronics industry.
This acquisition provides Hirect with a strategic manufacturing hub in Europe, strengthening its global presence, a release from Hirect said.
Hirect, through its proposed subsidiary, has acquired the business and operating assets of BeLink Solutions for a total consideration of EUR 1 million, which will be paid entirely in cash and funded through internal accruals.
The transaction
A total of 2 million Euros is being infused into the proposed subsidiary, of which, Hirect will subscribe 1 million Euros as preference shares solely on its own, and the remaining 1 million Euros will be issued as equity shares in which Hirect will take 66 per cent while the promoter group companies will subscribe the balance 34 per cent.
The transaction brings under Hirect’s ownership a state-of-the-art Production and Testing infrastructure. Additionally, the acquisition includes all the Plant & Machinery, intellectual property, technology, customer contracts, and purchase orders.
Rationale for acquisition
The acquisition of BeLink Solutions provides Hirect with a strategic manufacturing base in Europe, enhancing its global manufacturing capabilities. BeLink Solutions offers SIX fully automated production lines and advanced testing equipment, enabling Hirect to meet the evolving demands of its customers. BeLink is expected to generate 13 million Euros in revenue for 2025, with an additional 10 million Euros in pending orders for 2026.
Decisive step
Commenting on the acquisition, Suramya Nevatia, Chairman, Managing Director & CEO of Hind Rectifiers Ltd, “The acquisition of BeLink Solutions marks a decisive step for Hirect. It gives us not only a strong base in Europe but also the ability to combine advanced production capabilities with deep R&D in robotics. With BeLink’s sophisticated infrastructure and Hirect’s expertise in Power Electronics we can deliver at scale while also pushing the boundaries of future ready innovation. This dual strength — operations excellence and technology leadership — is what will drive our growth in mobility, energy, and industrial markets worldwide.”
Featured photograph (source: belink-solutions.com) is for representation only