Concord Control Systems Acquires Fusion Electronics

03 Nov 2025 CW Team

Concord Control Systems, a leading manufacturer of embedded and critical electronic systems, has acquired Fusion Electronics Private Limited, signalling its entry into India’s high-value flex printed circuit board (PCB) manufacturing segment.

Fusion Electronics, India’s largest flex PCB manufacturer, has an installed capacity of 200,000 sq m annually and a revenue potential of about Rs 200 crore at full capacity. Established in 1994, it operates with EBITDA margins exceeding 20 per cent and serves global clients in luxury automotive, industrial, and electronics sectors.

“This acquisition is a landmark step towards our vision of becoming a global EMS leader,” said Gaurav Lath, Joint Managing Director, Concord Control Systems. “Fusion’s expertise and advanced infrastructure align perfectly with our ambitions to deliver quality, innovation, and an expanded product portfolio across railway and industrial electronics.”

The acquisition supports Concord’s broader vision to develop a high-value Electronics Manufacturing Services (EMS) and railway ecosystem in India. The company plans to fully commercialise its Lucknow facility by end-2025 and double capacity within three years, advancing into Surface Mount Technology (SMT), box build, and railway electronics solutions.

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