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Kaynes Technology expands U.S. presence with strategic acquisition of Digicom Electronics

28/05/2024

Press releaseIssued by Digicom Electronics Inc..
Kaynes Technology expands U.S. presence with strategic acquisition of Digicom Electronics
· Photo: Digicom Electronics

Kaynes Technology India Limited (KTIL), a publicly listed Electronics System Design & Manufacturing Company (ESDM) headquartered out of Mysore in India, has completed acquisition of Digicom Electronics, Inc., an Electronics Manufacturing Services (EMS) company based in Oakland, California. The state-of-the-art manufacturing facility is located in the Business Park next to Oakland International Airport. Its proximity to the airport, harbor, and major expressway, Interstate 880, makes access to this facility very easy.

This strategic acquisition marks a significant expansion for Kaynes Technology into the U.S. market, leveraging Digicom's established expertise in New Product Introduction (NPI), small-batch, and prototype production of complex printed circuit board assemblies (PCBAs) and box builds.

Strong synergies and growth potential

For over three decades, Kaynes Technology has provided comprehensive design, engineering, manufacturing, and life-cycle support solutions to major players across diverse industries, including automotive, industrial, aerospace, defence, medical, railways, IoT, and more. The company's advanced manufacturing infrastructure offers flexible production capabilities across various volumes and industrial verticals.

Digicom Electronics boasts over 40 years of experience in high-complexity, low-volume PCBAs and box builds. This acquisition enables Kaynes Technology to offer competitive serial production with the ability to scale operations seamlessly across both the US and India.

Leadership viewpoints

"This integration with Kaynes Technology ensures the continuity and future growth of Digicom beyond any single individual," stated Mr. Mo Ohady, Founder and CEO of Digicom Electronics, Inc. "I am confident in the continued growth and success of the company and its employees under this new alignment."

Mr. Sharath Bhat, President, International Business of Kaynes Technology, emphasized the company's commitment to supporting Digicom's stability and growth through talent infusion, resource sharing, and leadership continuity under Mr. Ohady's guidance.

"This acquisition marks a new era in electronics manufacturing for both Kaynes and Digicom," said Mr. Ramesh Kannan, Founder and Managing Director of Kaynes Technology India Limited. "We are excited to leverage the strong political and technological partnership between India and the U.S. to unlock new opportunities and growth for both companies."

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Mo OhadyGeneral Manager · Digicom Electronics Inc.

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