Hind Rectifiers Acquires BeLink Solutions to Strengthen Global Presence
Hind Rectifiers Ltd (HIRECT), a prominent Indian manufacturer specializing in power electronics and railway systems, has announced the acquisition of BeLink Solutions, a France-based company specializing in robotics, electronics manufacturing services (EMS), and electronics R&D. The acquisition, valued at €1 million, was finalized through a proposed subsidiary structure in France, with funding sourced entirely from Hind Rectifiers’ internal accruals.
Strategic Expansion into European Market
This acquisition marks a significant step in Hind Rectifiers’ strategy to expand its global footprint. By establishing a manufacturing base in Europe, the company aims to strengthen its position in the robotics and EMS sectors. The deal includes the acquisition of BeLink’s business and operating assets, encompassing production and testing infrastructure, plant and machinery, intellectual property, technology, customer contracts, and purchase orders.
Financial Details and Shareholder Structure
As part of the transaction, Hind Rectifiers plans to infuse an additional €2 million into the proposed subsidiary. The company will subscribe to €1 million in preference shares, while the remaining €1 million will be issued as equity shares. Hind Rectifiers will hold a 66% stake, with the remaining 34% held by promoter group companies.
Market Reaction
Following the announcement, shares of Hind Rectifiers surged 5% to ₹1,725.60 on the National Stock Exchange (NSE), reaching the upper circuit limit. This positive market response reflects investor confidence in the company’s strategic move and its potential to enhance global operations.
Future Outlook
With BeLink Solutions’ advanced infrastructure and Hind Rectifiers’ expertise in power electronics, the acquisition is expected to drive innovation and deliver scalable solutions in the robotics and EMS markets. The combined capabilities position Hind Rectifiers to meet the growing demand for advanced manufacturing solutions in Europe and beyond.
