Finland’s Salcomp buys iPhone supplier Jabil
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‘Deal may be worth ₹42.50 crore’
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‘Deal may be worth ₹42.50 crore’
Finland’s Salcomp, a major supplier of chargers to Apple for iPhones has acquired Jabil Circuit, a U.S.-based electronics maker which had been defunct for over a decade, within the Nokia Telecom SEZ in Sriperumbudur, near Chennai.
“Yes, we have acquired the Jabil plant,” Sasikumar Gendham, MD, Salcomp India told
The Hindu.
“This was the first company that went defunct in the Nokia SEZ in 2009. This plant will commence production by mid-2021.”
“Since the plant was closed for over a decade, a lot of renovation work needs to be done. We will manufacture electronic and electro-mechanical parts that go into phones,” he added, refusing to divulge the deal value. Sources, however, said the final transaction was worth ₹42.50 crore.
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