Shares of Hind Rectifiers Ltd. (HIRECT) jumped 3.77% to ₹1,705.50 on Friday, September 19, after the company announced the acquisition of France-based BeLink Solutions, marking its first major European base for expansion in next-generation robotics, power electronics, and electronics manufacturing services (EMS).
Deal details
The acquisition involves Hirect purchasing BeLink’s business and operating assets for EUR 1 million, fully funded through internal accruals. Additionally, EUR 2 million will be infused into a new subsidiary, with Hirect subscribing to EUR 1 million as preference shares and holding 66% equity, while promoter group companies will hold the remaining 34%.
Strategic impact
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Provides European manufacturing base for robotics, EMS, and power electronics.
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Adds advanced production & testing infrastructure, including six automated lines, IP, technology, and customer contracts.
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Strengthens revenue visibility, with BeLink projected to clock EUR 13 million revenue in 2025 and already securing EUR 10 million in orders for 2026.
Suramya Nevatia, Chairman & MD of Hirect, said the acquisition combines “advanced production capabilities with deep R&D in robotics,” boosting Hirect’s global growth strategy.