Kaynes Acquires August Electronics for Global Expansion

14 May 2025 CW Team

Kaynes Technology India Ltd, a leading Electronics System Design and Manufacturing (ESDM) firm, has signed a share purchase agreement to acquire 100 per cent of August Electronics Inc., a Canadian EMS provider based in Calgary, Alberta. The transaction will be executed via Kaynes’ wholly owned step-down subsidiary, Kaynes Canada Ltd.

This strategic acquisition enhances Kaynes' North American presence and supports its global expansion plans by strengthening localised manufacturing, agile supply chains, and engineering expertise.

With over three decades of experience, August Electronics is known for its high-quality EMS services across high-tech, industrial automation, medical devices, and energy sectors. Its modern Calgary facility and strong client relationships in high-margin industries make the deal margin-accretive and value-enhancing for Kaynes.

Kaynes MD Ramesh Kannan stated, “The deal strengthens our manufacturing presence in North America and provides access to segments such as oil & gas, energy, telecom, and industrial instrumentation. By integrating August’s local strengths with Kaynes’ scale and Indian base, we offer a strong alternative to China-based sourcing.”

August Electronics will continue under its current leadership to ensure client and employee continuity. The transaction is expected to close by the end of May 2025, subject to regulatory approvals. NC Partners acted as exclusive financial advisor to Kaynes.

Image source:digitimes

Infrastructure Urban

05 Nov 2025

TBO Tek Q2 Profit Climbs 12%, Revenue Surges 26% YoY

TBO Tek Limited one of the world’s largest travel distribution platforms, reported a solid performance for Q2 FY26 with a 26 per cent year-on-year increase in revenue to Rs 5.68 billion, reflecting broad-based growth and improving profitability.The company recorded a Gross Transaction Value (GTV) of Rs 8,901 crore, up 12 per cent YoY, driven by strong performance across Europe, MEA, and APAC regions. Adjusted EBITDA before acquisition-related costs stood at Rs 1.04 billion, up 16 per cent YoY, translating into an 18.32 per cent margin compared to 16.56 per cent in Q1 FY26. Profit after tax r..

Northern Graphite, Rain Carbon Secure R&D Grant for Greener Battery Materials

Northern Graphite Corporation and Rain Carbon Canada Inc, a subsidiary of Rain Carbon Inc, have jointly received up to C$860,000 (€530,000) in funding under the Canada–Germany Collaborative Industrial Research and Development Programme to develop sustainable battery anode materials.The two-year, C$2.2 million project aims to transform natural graphite processing by-products into high-performance, battery-grade anode material (BAM). Supported by the National Research Council of Canada Industrial Research Assistance Programme (NRC IRAP) and Germany’s Federal Ministry for Economic Affairs a..

Antony Waste Q2 Revenue Jumps 16%; Subsidiary Wins Rs 3,200 Cr WtE Projects

Antony Waste Handling Cell Limited (AWHCL), a leading player in India’s municipal solid waste management sector, announced a 16 per cent year-on-year increase in total operating revenue to Rs 2.33 billion for Q2 FY26. The growth was driven by higher waste volumes, escalated contracts, and strong operational execution.EBITDA rose 18 per cent to Rs 570 million, with margins steady at 21.6 per cent, while profit after tax stood at Rs 173 million, up 13 per cent YoY. Revenue from Municipal Solid Waste Collection and Transportation (MSW C&T) reached Rs 1.605 billion, and MSW Processing re..