Corporate Action
Creative Newtech to Acquire Infinova India for Up to USD 4 Million to Build ‘Make in India’ Surveillance Platform
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Creative Newtech Limited has approved a proposed acquisition of 100% equity in Infinova (India) Private Limitedwith a budget of up to USD 4 million. The transaction aims to transform the company from a distribution-led business into an integrated surveillance technology platform by adding manufacturing capabilities, exclusive India brand rights, product ownership, and an established service network.
PRICE-SENSITIVE TRIGGER
Event: Board approves proposed acquisition of 100% equity share capital of Infinova (India) Private Limited.
Type: Corporate Action
Impact: Positive
Immediate Effect: The acquisition, if completed, will strengthen Creative Newtech’s surveillance business through local manufacturing, technology ownership, exclusive India brand rights, and expanded after-sales capabilities while supporting its Make in India strategy. The transaction remains subject to due diligence, regulatory approvals and definitive agreements.
financials:
Key Metrics:
- Acquisition Budget: Up to USD 4.00 Million
- Stake Acquired: Proposed acquisition of 100% equity share capital
- Revenue: Not disclosed
- EBITDA: Not disclosed
- PAT: Not disclosed
- Margins: Not disclosed
- QoQ / YoY Performance: Not applicable
- Segment: Surveillance & Electronic Security Solutions
Highlight:
- Board approved an acquisition budget of up to USD 4 million to acquire Infinova India and establish a technology-led Make in India surveillance platform.
What Happened ?
Creative Newtech Limited announced that its Board has approved a proposal to acquire 100% of Infinova (India) Private Limited, part of the Infinova Global Group. The proposed transaction includes Infinova India’s business operations, manufacturing and assembly facility, exclusive India brand rights, technical assistance, experienced workforce and customer support network.
The acquisition is intended to accelerate Creative Newtech’s transition from a distribution-focused business model to an integrated surveillance technology company with manufacturing capabilities and proprietary product ownership. The company stated that completion remains subject to satisfactory due diligence, necessary approvals and execution of definitive agreements.
key details
Strategic Acquisition Overview:
- Proposed acquisition covers 100% equity of Infinova (India) Private Limited.
- Board approved a budget of up to USD 4 million for the transaction.
- Acquisition includes:
- Business operations in India.
- Exclusive India brand rights.
- Technical assistance and OEM support.
- Existing experienced workforce.
- Product assembly and manufacturing facility in Pune.
- Established customer support and service network.
- The company aims to build its own Make in India surveillance technology platform with local manufacturing capabilities.
- The transaction will support Creative Newtech’s shift from a distribution-led model to a technology-led surveillance solutions business.
- Infinova India’s solutions serve sectors including:
- Smart Cities
- Airports
- Metro Rail
- Oil & Gas
- Defence
- Power Plants
- Government Institutions
- Industrial Infrastructure
- Management highlighted that the acquisition will improve:
- Product ownership.
- Manufacturing capability.
- After-sales support.
- Project execution capacity.
- Long-term market positioning.
- Creative Newtech is also developing BIS and STQC-compliant surveillance products aligned with the Make in India initiative.
Note:
- The acquisition is currently at an advanced stage but remains conditional upon successful due diligence, regulatory approvals and execution of definitive agreements. Final transaction values and closing details will be disclosed after completion.
Risk Analysis
Summary:
- Although strategically significant, the acquisition has not yet been completed and remains subject to customary closing conditions.
Key Risks:
- Transaction depends on satisfactory due diligence.
- Regulatory and statutory approvals are pending.
- Definitive acquisition agreements have not yet been executed.
- Integration of manufacturing operations and workforce may involve execution challenges.
- Commercial synergies and financial benefits will depend on successful post-acquisition integration.
Worst Case:
- Failure to complete the acquisition or delays in approvals could postpone Creative Newtech’s planned expansion into technology ownership and manufacturing, limiting the expected strategic transformation.
Risk Level: Medium
Company Commentary
- Chairman & Managing Director Ketan Patel described the proposed acquisition as a significant milestone in building a future-ready Make in India surveillance platform.
- Management stated that Creative Newtech is moving beyond partnerships and distribution towards technology ownership and manufacturing capability.
- The company believes Infinova India will strengthen manufacturing capacity, product ownership and service capabilities while enabling scalable execution across the surveillance market.
- Creative Newtech expects the combined platform to support a more integrated, reliable and scalable surveillance business with stronger long-term growth prospects.
Official Exchange Filing: Creative Newtech Limited
