# Syrma Technology and SGS Tekniks announce merger to form Syrma SGS Technologies

Syrma Technology and SGS Tekniks have announced a cash cum stock merger agreement to create Syrma SGS Technologies with a combined turnover of over Rs. 1,000 crore. The deal is supported by a Private Equity investment from GEF.

- Type: Acquisition
- Announced: 2020-11-11
- Where: India
- Status: announced
- Products: electronics design and manufacturing services
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Syrma Technology](https://endata.com/companies/51115.md)
- [Syrma Technology](https://endata.com/companies/51115.md) (acquirer)
- [SGS Tekniks](https://endata.com/companies/51116.md) (target)
- [SGS Tekniks Manufacturing Private Limited](https://endata.com/companies/51122.md) (target)
- [GEF](https://endata.com/companies/51123.md) (investor)

## Sources

- [economictimes.indiatimes.com](https://economictimes.indiatimes.com/industry/cons-products/electronics/electronics-design-firm-syrma-to-merge-with-sgs-tekniks-to-create-rs-1200-cr-entity/articleshow/79166482.cms), 2020-11-11: "Syrma Technology and SGS Tekniks on Wednesday announced a merger agreement to further strengthen their design and manufacturing capabilities for global and domestic OEMs."
- [jsalaw.com](https://www.jsalaw.com/deals-matter/jsa-advised-sgs-tekniksand-its-promoters-in-cash-cum-stock-merger-with-syrma/), 2020-11-11: "SGS Tekniks will merge with Syrma Technology Private Limited."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.